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Daily Record
Daily Record
Lifestyle
Linda Howard

New Working Tax Credit and Child Tax Credit payment rates and thresholds for this year

HMRC Disability

HM Revenue and Customs (HMRC) recently confirmed that Tax Credit payments will be changing for all benefits claimants over the new financial year which runs from April 6, 2022 to April 5, 2023.

The maximum annual rates increase for the year ahead was implemented on April 11 for everyone receiving Working Tax Credits and Child Tax Credits payments.

Depending on your household circumstances, you may be eligible for one or both payments, or you may also qualify for one of two types of disability element add-ons. However, it’s worth noting these are for existing claimants already receiving the legacy benefit and any new claims should be made through the Department for Work and Pensions (DWP) for Universal Credit.

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