4.—(1) The Tax Credits (Income Thresholds and Determination of Rates) Regulations 2002(1) 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”.
S.I. 2002/2008, as amended by S.I. 2008/796, S.I. 2012/849, S.I. 2015/451, S.I. 2016/393 and S.I. 2020/298.