Chartered Management Accountants | Milton Keynes
|Couple and lone parent element||£2,010||£2,010|
|30 hour element1||£810||£810|
|Disabled worker element||£3,165||£3,090|
|Severe disability element||£1,365||£1,330|
|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||70%||70%|
|Child tax credit family element||£545||£545|
|First threshold for those entitled to child tax credit only||£16,105||£16,105|
|Income rise disregard||£2,500||£2,500|
|Income fall disregard||£2,500||£2,500|
The Child Element of tax credits and Universal Credit is no longer awarded for third and subsequent children born after 6 April 2017. Multiple births and other exceptional circumstances will be protected from the two children limit.
We will address some crucial points on this guide, such as the taxes that need to be paid by landlords and tax-effective property ownership.
We share with you the top tips and tricks to ensure that filing the annual self-assessment form becomes as stress-free for you as possible!