CHARTERED ACCOUNTANTS 
CHARTERED TAX ADVISERS BUSINESS DEVELOPMENT CONSULTANTS
CHARTERED TAX ADVISERS BUSINESS DEVELOPMENT CONSULTANTS
CHARTERED TAX ADVISERS BUSINESS DEVELOPMENT CONSULTANTS
Home > > 2008/09 Rates and Allowances > Tax Credits
| Working Tax Credit | ||
| 2008/09 | 2007/08 | |
|---|---|---|
| Basic Element | £1,800 | £1,730 |
| Couple and lone parent element | £1,770 | £1,700 |
| 30 hour element | £735 | £705 |
| Disabled worker element | £2,405 | £2,310 |
| Severe disability element | £1,020 | £980 |
| Childcare element of Working Tax Credit | ||
| Maximum eligible cost for one child | £175 p.w | £175 p.w |
| Maximum eligible cost for two or more children | £300 p.w | £300 p.w |
| Percentage of eligible costs covered | 80% | 80% |
| Child Tax Credit | ||
| Child Tax Credit family element | £545 | £545 |
| Family element, baby addition | £545 | £545 |
| Child element | £2,085 | £1,845 |
| Income Thresholds and Withdrawal Rate | ||
| First income threshold | £6,420 | £5,220 |
| First withdrawal rate | 39% | 37% |
| Second income threshold | £50,000 | £50,000 |
| Second withdrawal rate | 6.67% | 6.67% |
| First threshold for those entitled to Child Tax Credit only | £15,575 | £14,495 |
| Income disregard | £25,000 | £25,000 |
For further details email Eacotts on services@eacotts.com or call 01628 665432
Eacotts Chartered Accountants and Chartered Tax Advisers
Servicing the Thames Valley, Berkshire, Buckinghamshire and the UK
This document is for guidance only and professional advice should be sought before acting on the information contained. No responsibility will be accepted by Eacotts for loss occasioned as a result of action taken, or refrained from, in consequence of the contents
Eacotts Limited is a company registered in England and Wales.
Company number 4708201. Registered Office: Grenville Court, Britwell Road, Burnham SL1 8DF
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