2023 No. 237
The Tax Credits, Child Benefit and Guardian’s Allowance Up-rating Regulations 2023
Made
Coming into force in accordance with regulation 1(2) and (3)
Following a review under section 41(1) of the Tax Credits Act 20021 in the tax year 2022-23 of the amounts specified in section 41(2) of that Act, the Treasury have determined that Regulations should be made prescribing increases to those amounts.
Following a review of the sums specified in section 150(1)(a)(i) and (1)(i) of the Social Security Administration Act 19922 in the tax year 2022-23, the Treasury have determined that the general level of prices in Great Britain is greater at the end of the period under review than it was at the beginning. These Regulations make provision under section 150 of the Social Security Administration Act 1992 and make corresponding provision for Northern Ireland in accordance with section 132(1) of the Social Security Administration (Northern Ireland) Act 19923.
A draft of these Regulations was laid before Parliament in accordance with section 66(1) and (2)(a) of the Tax Credits Act 20024, sections 150(2) and 190(1)5 of the Social Security Administration Act 1992, and section 166(10A)6 of the Social Security Administration (Northern Ireland) Act 1992, and approved by a resolution of each House of Parliament.
The Treasury make the following Regulations in exercise of the powers conferred by sections 7, 9, 11, 13, 65(1) and 67 of the Tax Credits Act 20027, section 150(2), (5), (9) and (10)(a)(i) of the Social Security Administration Act 19928, and section 132(1) of the Social Security Administration (Northern Ireland) Act 1992 and now exercisable by them9.
Citation, commencement and effect1
1
These Regulations may be cited as the Tax Credits, Child Benefit and Guardian’s Allowance Up-rating Regulations 2023.
2
This regulation and regulations 2, 3 and 4 come into force on 6th April 2023.
3
Regulations 5, 6 and 7 come into force on 10th April 2023.
4
Regulations 2, 3 and 4 have effect in relation to awards of tax credits for the tax year beginning on 6th April 2023 and subsequent tax years.
Amendment of the Working Tax Credit (Entitlement and Maximum Rate) Regulations 20022
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 200210 is amended as follows—
a
in item 1 (basic element), in the second column for “£2,070” substitute “£2,280”
;
b
in item 2 (disability element), in the second column for “£3,345” substitute “£3,685”
;
c
in item 3 (30 hour element), in the second column for “£860” substitute “£950”
;
d
in items 4 (second adult element) and 5 (lone parent element), in the second column for “£2,125” substitute “£2,340”
; and
e
in item 6 (severe disability element), in the second column for “£1,445” substitute “£1,595”
.
Amendment of the Child Tax Credit Regulations 20023
Regulation 7 (determination of the maximum rate at which a person or persons may be entitled to child tax credit) of the Child Tax Credit Regulations 200211 is amended as follows—
a
in paragraph (4)(c) and (4)(f) for “£2,935” substitute “£3,235”
; and
b
in paragraph (5)—
i
in sub-paragraph (a) for “£3,545” substitute “£3,905”
; and
ii
in sub-paragraph (b) for “£4,975” substitute “£5,480”
.
Amendment of the Tax Credits (Income Thresholds and Determination of Rates) Regulations 20024
Regulation 3 (manner in which amounts to be determined for the purposes of section 7(1)(a) of the Act) of the Tax Credits (Income Thresholds and Determination of Rates) Regulations 200212 is amended as follows—
a
in paragraph (2) for “£6,770” substitute “£7,455”
; and
b
in paragraph (3) for “£17,005” substitute “£18,725”
.
Amendment of the Child Benefit (Rates) Regulations 20065
Regulation 2(1) (rate of child benefit) of the Child Benefit (Rates) Regulations 200613 is amended as follows—
a
in sub-paragraph (a) (enhanced rate) for “£21.80” substitute “£24.00”
; and
b
in sub-paragraph (b) (other cases) for “£14.45” substitute “£15.90”
.
Amendment of Schedule 4 to the Social Security Contributions and Benefits Act 19926
In paragraph 5 of Part 3 of Schedule 4 to the Social Security Contributions and Benefits Act 199214 (weekly rate of guardian’s allowance) for “£18.55” substitute “£20.40”
.
Amendment of Schedule 4 to the Social Security Contributions and Benefits (Northern Ireland) Act 19927
In paragraph 5 of Part 3 of Schedule 4 to the Social Security Contributions and Benefits (Northern Ireland) Act 199215 (weekly rate of guardian’s allowance) for “£18.55” substitute “£20.40”
.
(This note is not part of the Regulations)