Tax Credits

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Tax Credits 2022-23 2021-22
Basic element – maximum £2,070 £2,005
Childcare element 70% of eligible costs up to £175 per week for one child, £300 for two or more children.
Child Tax Credits 2022-23 2021-22
Child element per child – maximum £2,935 £2,845
Family element £545 £545
If only the child tax credit is claimed, the annual threshold is £17,005 (2021-22: £16,480).



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