Pre Budget Report 2009 - Rates of tax credit

Although most allowances have been frozen because of the recent falls in the RPI, there have been small increases in the level of Child Tax Credits and Working Tax Credits which will apply in April 2010. There is also a small increase in the level at which Child Tax Credit is withdrawn, but the overall amounts of awards are likely to be broadly similar in 2010/11 to 2009/10 levels on the same income.

Designated Members : M.J. Jay, F.C.A. • P.E. Farrow, F.C.C.A., A.C.A. • J.W. Hall, F.C.C.A., A.C.A. • J.R. Turner, Dip. P.F.S., A.I.F.P. • R.D. Gray, A.C.I.B. • S.J. Edwards, F.C.A.
Member: S.T. Boote, B.Sc (Econ), F.C.A.

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