The Tax Credits, Child Benefit and Guardian’s Allowance Up-rating Regulations 2021 No. 156

Amendment of the Tax Credits (Income Thresholds and Determination of Rates) Regulations 2002

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”.

(1)

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.