Tax Credits
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| |
2010/11
£
|
2009/10
£
|
Working Tax Credit
Basic element - max. |
1,920 |
1,890 |
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. |
2,300 |
2,235 |
| Family element |
545 |
545 |
| Baby addition |
545 |
545 |
Reductions in maximum rates
39% of income above £6,420* p.a.
*If only CTC is claimed, the threshold is £16,190 (£16,040) 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.
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| Back to Tax Rates 2010/11 |
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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