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  Draft Tax Credits (Income Thresholds and Determination of Rates) (Amendment) Regulations 2016 - Reduction in Rates of Tax Credits
  
  --- MOTION EFFECT ---
  
  @ MP voted aye to reduce the amounts people are paid in tax credits. 
  @ MP voted no against reducing the amounts people are paid in tax credits. 
  
  The majority of MPs voted to reduce the amounts people are paid in [https://en.wikipedia.org/wiki/Tax_credit#United_Kingdom tax credits]. 
  
  The motion approved by the majority of MPs taking part in this vote was:
  
  :That the [http://www.legislation.gov.uk/ukdsi/2015/9780111138946 draft Tax Credits (Income Thresholds and Determination of Rates) (Amendment) Regulations 2016], which were laid before this House on 14 January, be approved.
  
  These regulations implement elements of the [https://www.gov.uk/government/publications/summer-budget-2015/summer-budget-2015 Summer Budget on 8 July 2015].
  
  
  The regulations amend the [http://www.legislation.gov.uk/uksi/2002/2008/contents/made The Tax Credits (Income Thresholds and Determination of Rates) Regulations 2002] which set out when someone is entitled to a tax credit. Tax credits are provided for via the [http://www.legislation.gov.uk/ukpga/2002/21/contents Tax Credits Act 2002]
  
  The regulations reduce the income threshold for [https://en.wikipedia.org/wiki/Working_tax_credit Working Tax Credit] to Â£3,850 and the income threshold for [https://en.wikipedia.org/wiki/Child_tax_credit Child Tax Credit] to Â£12,125. Entitlement to full tax credits is dependent on the individualâs income not exceeding these thresholds, tax credit entitlements are reduced as a result of earnings above these thresholds. The rate at which the entitlements are reduced is increased to 48% of income over the thresholds. 
  
  The amount of income that is disregarded where income for the current year exceeds the income from the previous year is reduced to Â£2,500 
  
  At the time of the vote the basic amount of Working Tax Credit was Â£1,960[1] per year and the basic amount of child tax credit was Â£2,780 per year per child[2], further extra amounts known as "elements" are available depending on an individual's circumstances.
  
  
  * [1] [https://www.gov.uk/working-tax-credit/what-youll-get Gov.UK 
  Working Tax Credit What you'll get]
  * [2] [https://www.gov.uk/child-tax-credit/what-youll-get Gov.UK 
  Child Tax Credit - What you'll get]
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  