|
Working
Families' Tax Credit (WFTC)
|
|
£
per Week 2000-01 |
£
per Week from 10 April 2001 |
£
per Week from 4 June 2001
|
|
Basic
tax credit
|
53.15
|
54.00 |
59.00
|
|
30-hour
tax credit
|
11.25
|
11.45 |
11.45
|
|
Child
tax credits
Under 16(1)
|
25.60
|
26.00 |
26.00
|
|
16-18
|
26.35
|
26.75 |
26.75
|
|
Disabled
child tax credit (2)
|
22.25
|
30.00 |
30.00
|
|
Enhanced
Disability Tax Credit (lone parent/couple)
|
N/A
|
16.00 |
16.00
|
|
Enhanced
Disability Tax Credit (child)(3)
|
N/A
|
41.05 |
41.05
|
|
Maximum
eligible childcare costs allowed(4) -1 child
|
100.00
|
100.00 |
135.00
|
|
Maximum
eligible childcare costs allowed(4)- 2 or more children
|
150.00
|
150.00 |
200.00
|
| Income
threshold |
91.45 |
92.90 |
92.90 |
|
(1)
For awards starting from June 2000 for 2000-01.
(2) From October 2000
(3) Includes the disabled child tax credit for relevant awards starting
from April 2001.
(4) Childcare tax credit is 70% of eligible childcare costs allowed.
Disabled
Person's Tax Credit (DPTC)
|
|
£
per Week 2000-01 |
£
per Week from 10 April 2001 |
£
per Week from 4 June 2001
|
|
Single
person basic tax credit
|
55.15
|
56.05 |
61.05
|
|
Lone
parent/couple basic tax credit
|
84.90
|
86.25 |
91.25
|
|
30-hour
tax credit
|
11.25
|
11.45 |
11.45
|
|
Child
tax credits
Under 16(1)
|
25.60
|
26.00 |
26.00
|
|
16-18
|
26.35
|
26.75 |
26.75
|
|
Disabled
child tax credit
|
22.25
|
30.00 |
30.00
|
|
Enhanced
Disability Tax Credit (lone parent/couple)
|
N/A
|
16.00 |
16.00
|
|
Enhanced
Disability Tax Credit (single person)
|
N/A
|
11.05 |
11.05
|
|
Enhanced
Disability Tax Credit (child)(2)
|
N/A
|
41.05 |
41.05
|
| Maximum
eligible childcare costs allowed(3) -1 child |
100.00 |
100.00 |
135.00 |
| Maximum
eligible childcare costs allowed(3)- 2 or more children |
150.00 |
150.00 |
200.00 |
| Income
threshold - single person |
71.10 |
72.25 |
72.25 |
| Income
threshold - lone parent/couple |
91.45 |
92.90 |
92.90 |
|
(1)
For awards starting from June 2000 for 2000-01.
(2) Includes the disabled child tax credit for relevant awards starting
from April 2001.
(3) Childcare tax credit is 70% of eligible childcare costs allowed.
Children's
Tax Credit (CTC)
|
2000-01
(£)
|
2001-02
(£)
|
|
-
|
5
200*
|
|
*This
figure replaces the amount (£4,420) of CTC for 2001-02 previously announced.
The maximum CTC reduction for 2001-02 will be £520.00. If the claimant's
income exceeds the basic rate limit, their entitlement to CTC will be
reduced.
For
tax year 2002-03 it is proposed there will be an additional amount of
CTC £5,200 available for the tax year of a qualifying child’s birth. This
additional amount will be added to the normal level of CTC (currently
also £5,200) and will be available in relation to that child for one tax
year only.
|