Tax credits rates for 2022/23

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HMRC has published the tax credits rates and allowances for the tax year 2022/23:

Child tax credit
Family element	545		545
Child element (for each child)	2,935		2,845
Addition for disabled child	3,545		3,435
Severely disabled child enhancement	4,975		4,825
Working tax credit
Basic element	2,070		2,005
Lone parent and couple element	2,125		2,060
30-hour element	860		830
Disability element	3,345		3,240
Severe disability element	1,445		1,400
Childcare element (up to 70% of costs)	Weekly		Weekly
maximum eligible cost (1 child)	175		175
maximum eligible cost (2 or more children)	300		300
Income thresholds
First income threshold	6,770		6,565
eligible for child tax credit only	17,005		16,480
Withdrawal rate	41%		41%
Income rise disregard	2,500		2,500
Income fall disregard	2,500		2,500

Issue: 1561
Categories: News

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