SI 2018/344 - The Tax Credits and Guardian’s Allowance Up-rating etc. Regulations 2018
Released 09 March 2018
SI 2018/344 increases the maximum rates of the disability elements of working tax credits and child tax credits and increases the rate of guardian’s allowance from 6 and 9 April 2018 respectively.
The Tax Credits and Guardian’s Allowance Up-rating etc. Regulations 2018 amend the Working Tax Credit (Entitlement and Maximum Rate) Regulations 2002 (SI 2002/2005) to increase the maximum rate of the disability and severe disability elements of working tax credit from £3,000 and £1,290 to £3,090 and £1,330 respectively; and the Child Tax Credit Regulations 2002 (SI 2002/2007) to increase the rate of the disability element of child tax credit from £3,175 to £3,275 for a disabled child or qualifying young person and from £4,465 to £4,600 for a severely disabled child or qualifying young person. The regulations further amend the Social Security Contributions and Benefits Act 1992 to increase the weekly rate of guardian’s allowance from £16.70 to £17.20. The regulations come into force on 6 April 2018, with effect in relation to awards of tax credits for the tax year beginning on 6 April 2018 and on 9 April 2018 in respect of the amendments to SSCBA 1992.
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