30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE
T: 01865 379272
F: 01865 841152
Accountants, Registered Auditors & Business Advisors
Chapman, Robinson & Moore Ltd.
Registered in England and Wales No. 253 7955
Map & Directions
© Chapman Robinson & Moore 2011
All rights reserved
| 2011/12 £ |
2010/11 £ |
|
| Working Tax Credit (WTC) | ||
| Basic element - max. | 1,920 | 1,920 |
| Couple and lone parent element | 1,950 | 1,890 |
| 30 hour element | 790 | 790 |
| Disabled worker element | 2,650 | 2,570 |
| Severe disability element | 1,130 | 1,095 |
| 50+ Return to work payment (16-29 hrs) | 1,365 | 1,320 |
| 50+ Return to work payment (30+hrs) | 2,030 | 1,965 |
|
Childcare element Maximum eligable cost for two or more children £300 per week Percentage of eligable costs covered - 70% (2010/11 - 80%) |
||
| Child Tax Credit (CTC) | ||
| Child element per child - max. | 2,555 | 2,300 |
| Family element | 545 | 545 |
| Baby addition | N/A | 545 |
| Disabled child element | 2,800 | 2,715 |
| Severely disabled child element | 1,130 | 1,095 |
Reductions in maximum rates 41% (2010/11: 39%) of income above £6,420*p.a.
*If only CTC is claimed, the threshold is £15,860 p.a. (2010/11: £16,190). The family element of CTC is not reduced unless income is more than £40,000 p.a. (2010/11: £50,000) when it is reduced by £1 for every £15 of additional income. Income disregard £10,000 (2010/11: £25,000) for changes in income betweeen provisional and final income.
To find out how Chapman Robinson & Moore can help your business either call 01865 379272, or click here to arrange a free Confidential Business Analysis.
