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Tax credits rates for 2022/23
Home
News
Tax credits rates for 2022/23
Tax credits rates for 2022/23
© Copyright LexisNexis 2024. All rights reserved.
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
Home
>
Articles
> Tax credits rates for 2022/23
Tax credits rates for 2022/23
© Copyright LexisNexis 2024. All rights reserved.
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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