Amendment of the Working Tax Credit (Entitlement and Maximum Rate) Regulations 2002

2.  The table in Schedule 2 (maximum rates of the elements of a working tax credit) to the Working Tax Credit (Entitlement and Maximum Rate) Regulations 2002(1) is amended as follows—

(a)in item 1 (basic element), in the second column for “£1,995” substitute “£2,005”;

(b)in item 2 (disability element), in the second column for “£3,220” substitute “£3,240”;

(c)in item 3 (30 hour element), in the second column for “£825” substitute “£830”;

(d)in items 4 (second adult element) and 5 (lone parent element), in the second column for “£2,045” substitute “£2,060”; and

(e)in item 6 (severe disability element), in the second column for “£1,390” substitute “£1,400”.

(1)

S.I. 2002/2005, as amended by S.I. 2013/750. S.I. 2015/567, S.I.2017/406, S.I. 2019/252, S.I. 2020/298 and section 77(1) of the Coronavirus Act 2020 (c.7).