Independent Taxation Manual - IN1575

Children's Tax Credit (CTC): Amount of CTC; table of amounts for different years

SECTION 257AA(2) AND (3) ICTA 1988

The table below gives you information about the amounts of Children's Tax Credit (CTC) for different years of assessment.

2001-022002-03
Full amount of CTC

£5,200

£5,290
Additional amount for qualifying baby (see In1385 onwards)

N/A

(first year 2002-03)

£5,200
Rate at which CTC given

10%

10%
CTC - amount of income tax reduction

£520

£529 or

£1,049 (baby rate)

Fraction at which full amount of CTC reduced for each £1 of income above basic rate limit

2/3

2/3
Basic rate limit

29,400

29,900

The last year CTC can be claimed is 2002-03, see In1300a.



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