2 Amendment of the Child Tax Credit Regulations
1 Regulation 7 of the Child Tax Credit Regulations 2002 (determination of the maximum rate) is amended as follows.
S.I. 2002/2007; the last relevant amending instrument is S.I.2010/981.
2 For paragraph (3) substitute—

“3 The family element of child tax credit is £545.”

.
3 In paragraph (4)—
(a) in sub-paragraph (a) for “£5,015” substitute “£5,355”;
(b) in sub-paragraph (b) for “£6,110” substitute “£6,485”;
(c) in sub-paragraph (c) for “£2,300” substitute “£2,555”;
(d) in sub-paragraph (d) for “£5,015” substitute “£5,355”;
(e) in sub-paragraph (e) for £6,110” substitute “£6,485”;
(f) in sub-paragraph (f) for £2,300” substitute “£2,555”.