Home Page Link for Malcolm J. Greer - Chartered Certified Accountant and Registered Auditor. Regulated for a range of Investment Business Activities by the Association of Chartered Certified Accountants.
Income Tax Allowances
Income Tax Rates
National Insurance Contributions
Individual Savings Accounts
Capital Gains Tax
Corporation Tax
Car Benefit
Car Fuel Benefit
Tax-Free Mileage Allowances
Inheritance Tax
Stamp Taxes
Value Added Tax
Capital Allowances
Tax Credits
Registered Pension Schemes
Investment Reliefs
Fixed Rate Reductions: Unincorporated Businesses
Key Facts

Tax Credits

Annual amounts 2017/18

Child tax credit


Family element


Child element (for each child) 2,780
Disabled child element
Severe disabled child element 1,290
Working tax credit


Basic element


Lone parent and couple element


30-hour element


Disability element 3,000
Severe disability element 1,290
Childcare element (up to 70% of costs) Weekly
  maximum eligible cost (1 child) 175
  maximum eligible cost (2 or more) 300
Income thresholds  
First income threshold 6,420
  eligible for child tax credit only 16,105
Withdrawal rate 41%
Income rise disregard 2,500
Income fall disregard 2,500
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Malcolm J. Greer
3 Jesse Terrace, Reading, Berkshire, RG1 7RS
Tel: 01189 588535 ~ Fax: 0118 919 7778