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
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© Chapman Robinson & Moore 2013
All rights reserved
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| 2013/14 £ |
2012/13 £ |
|
| Working Tax Credit (WTC) | ||
| Basic element - max. | 1,920 | 1,920 |
| Couple and lone parent element | 1,970 | 1,950 |
| 30 hour element | 790 | 790 |
| Disabled worker element | 2,855 | 2,790 |
| Severe disability element | 1,220 | 1,190 |
| 50+ Return to work payment (16-29 hrs) | withdrawn | withdrawn |
| 50+ Return to work payment (30+hrs) | withdrawn | withdrawn |
|
Childcare element Maximum eligable cost for two or more children £300 per week Percentage of eligable costs covered - 70% |
||
| Child Tax Credit (CTC) |
2013/14 £ |
2012/13 £ |
| Child element per child - max. | 2,720 | 2,690 |
| Family element | 545 | 545 |
| Disabled child element | 3,015 | 2,950 |
| Severely disabled child element | 1,220 | 1,190 |
Reductions in maximum rates 41% of income above £6,420*p.a.
*If only CTC is claimed, the threshold is £15,910 p.a. (2012/13: £15,860). The family element of CTC now tapers immediately after the child element.
Income disregard £5,000 (2012/13: £10,000) for changes in income betweeen provisional and final income. From 2012/13 onwards there is a income fall disregard of £2,500.
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.
