The Tax Credits Up-rating Regulations 2004

• Citation: S.I. 2004/941
• Sections: 11

Section 1 Citation, commencement, effect and interpretation

(1) These Regulations may be cited as the Tax Credits Up-rating Regulations 2004 and shall come into force on 6th April 2004.

(2) In these Regulations—

“the Child Tax Credit Regulations ” means the Child Tax Credit Regulations 2002 ;

“the Entitlement Regulations ” means the Working Tax Credit (Entitlement and Maximum Rate) Regulations 2002 ;

“the Income Thresholds Regulations ” means the Tax Credits (Income Thresholds and Determination of Rates) Regulations 2002 .

(3) These Regulations have effect in relation to awards of tax credits for the tax year beginning on 6th April 2004 and subsequent tax years.

Section 2 Amendment of the Child Tax Credit Regulations

In regulation 7(4) of the Child Tax Credit Regulations (individual element of the child tax credit)—

(a) in sub-paragraph (a) for “£3,600” substitute “£3,840”;

(b) in sub-paragraph (b) for “£4,465” substitute “£4,730”;

(c) in sub-paragraph (c) for “£1,445” substitute “£1,625”;

(d) in sub-paragraph (d) for “£3,600” substitute “£3,840”;

(e) in sub-paragraph (e) for “£4,465” substitute “£4,730”; and

(f) in sub-paragraph (f) for “£1,445” substitute “£1,625”.

Section 3 Amendment of the Entitlement Regulations

For the Table in Schedule 2 to the Entitlement Regulations substitute the Table set out in the Schedule to these Regulations.

Section 4 Amendment of the Income Thresholds Regulations

In regulation 3(3) of the Income Thresholds Regulations (first income threshold for those entitled to child tax credit) for “£13,230” substitute “£13,480”.

Section 1

Basic element

Section 2

Disability element

Section 3

30 hour element

Section 4

Second adult element

Section 5

Lone parent element

Section 6

Severe disability element

Section 7

50 plus element—