
1 

(1) These Regulations may be cited as the Tax Credits, Child Benefit and Guardian’s Allowance Up-rating Regulations 2024.
(2) This regulation and regulations 2, 3 and 4 come into force on 6th April 2024.
(3) Regulations 5, 6 and 7 come into force on 8th April 2024.
(4) Regulations 2, 3 and 4 have effect in relation to awards of tax credits for the tax year beginning on 6th April 2024 and subsequent tax years.
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 is amended as follows—
(a) in item 1 (basic element), in the second column for “£2,280” substitute “£2,435”;
(b) in item 2 (disability element), in the second column for “£3,685” substitute “£3,935”;
(c) in item 3 (30 hours element), in the second column for “£950” substitute “£1,015”;
(d) in items 4 (second adult element) and 5 (lone parent element), in the second column for “£2,340” substitute “£2,500”; and
(e) in item 6 (severe disability element), in the second column for “£1,595” substitute “£1,705”.
3 
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 2002 is amended as follows—
(a) in paragraph (4)(c) and 4(f) for “£3,235” substitute “£3,455”; and
(b) in paragraph (5)—
(i) in sub-paragraph (a) for “£3,905” substitute “£4,170”; and
(ii) in sub-paragraph (b) for “£5,480” substitute “£5,850”.
4 

(1) The Tax Credits (Income Thresholds and Determination of Rates) Regulations 2002 are amended as follows.
(2) In regulation 3 (manner in which amounts to be determined for the purposes of section 7(1)(a) of the Act)—
(a) in paragraph (2) for “£7,455” substitute “£7,955”; and
(b) in paragraph (3) for “£18,725” substitute “£19,995”.
(3)   In regulation 7(3) (determination of rate of working tax credit) in Step 4 for “£6,770” substitute ”£7,995”.
(4)   In regulation 8(3) (determination of rate of child tax credit) in Step 4 for “£17,005” substitute “£19,995”.
5 
Regulation 2(1) (rate of child benefit) of the Child Benefit (Rates) Regulations 2006 is amended as follows—
(a) in sub-paragraph (a) (enhanced rate) for “£24.00” substitute “£25.60”; and
(b) in sub-paragraph (b) (other cases) for “£15.90” substitute “£16.95”.
6 
In paragraph 5 of Part 3 of Schedule 4 to the Social Security Contributions and Benefits Act 1992 (weekly rate of guardian’s allowance) for “£20.40” substitute “£21.75”.
7 
In paragraph 5 of Part 3 of Schedule 4 to the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (weekly rate of guardian’s allowance) for “£20.40” substitute “£21.75”.
Amanda Milling
Scott Mann
Two of the Lords Commissioners of His Majesty's Treasury
29th February 2024