Tax credit rates and thresholds

By Tolley
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The following Personal Tax guidance note by Tolley provides comprehensive and up to date tax information covering:

  • Tax credit rates and thresholds
  • Working tax credits
  • Child tax credits
  • Thresholds
  • Taper or withdrawal rate
  • Income disregard

The 2018/19 rates of tax credits and relevant thresholds for computing an award are shown below. Only the disability elements have been uprated from 2017/18 levels, the other elements remain frozen.

Working tax credits
 £ per annum£ per day
Basic element1,9605.37
Second adult element2,0105.51
Disabled worker element3,0908.46
Severe disability element1,3303.64
Lone parent element

More on Tax credits:
Off payroll working (IR35) in the public sector ― overview
CIS ― compliance
Corporate interest restriction ― overview
Brexit tracker
Making Tax Digital ― signing up for MTD
Brexit and the implementation period ― other considerations
Brexit and the implementation period ― cross-border supplies of services
Brexit and the implementation period ― overview
Summary of the retail schemes
Retail schemes - Point of Sale
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