ctc wtc tax increases in april

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  • #19967
    davo
    Participant

    What date are people using for increasing wtc and ctc in april 2007. some people are using 6/4/7 and others different dates.

    #1669
    APT
    Participant

    Tax Credits are not awarded under the Benefits Act, therefore they are not subject to the rules regarding annual uprating.

    The change in (or around) April will be dependant on the date and period of the installment(s) received.

    The confusion regarding April uprating seems to stem from the change in calculation method in April 05 where the guidance given was to chane the calculation method from the uprating date but that was a one off change.

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