Tax Credits
|
|
2008/09
£ |
2007/08
£ |
Working Tax Credit
Basic element - max. |
1,800 |
1,730 |
Childcare element
80% of eligible costs up to £175 per week (£300 if two or more children). |
Child Tax Credit (CTC)
Child element |
|
|
| per child - max. |
2,085 |
1,845 |
| Family element |
545 |
545 |
| Baby addition |
545 |
545 |
Reductions in maximum rates
39% (37%) of income above £6,420* (£5,220*) p.a.
*If only CTC is claimed, the threshold is £15,575 (£14,495) p.a. The family element of CTC is not reduced unless income is more than £50,000 p.a. when it is reduced by £1 for every £15 of additional income. |
| Back to Tax Rates 2008/09 |
Bayliss Ware Ltd. Chartered Accountants.
Registered office: 9 Stratfield Park, Elettra Avenue, Waterlooville, Hants, PO7 7XN
Registered in England. Company No.: 3180843
VAT Number: 675 9982 55
Email: info(at)baylissware.com | Telephone: 023 9279 9744 | Fax: 023 9279 9755
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