The Tax Credits (Income Thresholds and Determination of Rates) Regulations 20025 are amended as follows.

In regulation 3(3) (manner in which amounts to be determined for the purposes of section 7(1)(a) of the Act) for “£15,860” substitute “£15,910”.

In regulation 5(a) (amounts prescribed for the purposes of section 7(3) of the Act) for “£10,000” substitute “£5,000”.

In regulation 8(3) (determination of rate of child tax credit) in Step 4 for “£15,860” substitute “£15,910”.