PracticeConsultingBUDGET NEWS – Children’s tax credit up, income tax down.

BUDGET NEWS - Children's tax credit up, income tax down.

As already announced, the basic rate of income tax will fall from 23%to 22% from 6 April. The childrens tax credit will increase to #442 from #416. Brown said this would be worth twice as much as the old married couples’ allowance.

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