Home > > 2009/10 rates and allowances > Tax credits
Tax credits
| Working tax credit | ||
| 2009/10 | 2008/09 | |
|---|---|---|
| Basic element | £1,890 | £1,800 |
| Couple and lone parent element | £1,860 | £1,770 |
| 30 hour element | £775 | £735 |
| Disabled worker element | £2,530 | £2,405 |
| Severe disability element | £1,075 | £1,020 |
| 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 | £2,235 | £2,085 |
| Income thresholds and withdrawal rate | ||
| First income threshold | £6,420 | £6,420 |
| First withdrawal rate | 39% | 39% |
| Second income threshold | £50,000 | £50,000 |
| Second withdrawal rate | 6.67% | 6.67% |
| First threshold for those entitled to child tax credit only | £16,040 | £15,575 |
| Income disregard | £25,000 | £25,000 |
Main taxes
- Key dates and deadlines
- Income tax
- Corporation tax
- Inheritance tax
- Capital gains tax
- Value added tax
- National insurance contributions
- Residential property letting
- Main capital allowances
- Business deductions
- Penalties for late returns
- Trusts and settlements
- Non domiciled individuals