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Tax credits: draft regulations

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The draft Tax Credits Up-rating etc Regulations 2013 set out new maximum rates for elements of child tax credit and working tax credit for 2013/14 awards. They reduce the income disregard from £10,000 to £5,000.

The draft Loss of Tax Credits Regulations 2013 provide for the loss of working tax credit where a recipient receives a caution or an administrative penalty in relation to, or is convicted of, a ‘benefit offence’.