Amendment of the Tax Credits (Income Thresholds and Determination of Rates) Regulations 20024
1
The Tax Credits (Income Thresholds and Determination of Rates) Regulations 200210 are amended as follows.
2
In regulation 3 (manner in which amounts to be determined for the purposes of section 7(1)(a) of the Act)—
a
in paragraph (2) for “£6,530” substitute “£6,565”; and
b
in paragraph (3) for “£16,385” substitute “£16,480”.
3
In regulation 7(3) (determination of rate of working tax credit) in Step 4 for “£6,530” substitute “£6,565”.
4
In regulation 8(3) (determination of rate of child tax credit) in Step 4 for “£16,385” substitute “£16,480”.