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Daily Record
Daily Record
Lifestyle
Linda Howard

Tax Credits are changing this month - here are the new payment rates and thresholds

HM Revenue and Customs (HMRC) has confirmed that Tax Credits payments will be changing this month for all benefits claimants.

People receiving Working Tax Credits and Child Tax Credits payments will see the maximum annual rates increase for the 2022/23 financial year which starts on April 6.

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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