Should you be claiming Working and/or Child Tax Credit?
First a few facts about Working & Child Tax Credits:
- They are not universally available, as Child Benefit currently is.
- You need make a claim, and that claim must be renewed every year.
- You can receive either or both Tax Credits if you are self-employed.
Working Tax Credit is extra income paid to a working person. Additionally if you have children you may also have a portion of your childcare cost reimbursed.
Child Tax Credit is paid to families with one or more children aged under 20. It is paid to the person who mainly cares for the children.
Check your entitlement
Numerous individuals are still not claiming the tax credits they are entitled to as they are either unaware they are due to make a claim; or have had a bad experiencing claiming these before. The system can be complex which can mean individuals can fall foul and receive too much money and have to pay this back, for anyone wanting to ensure they receive the correct amount and continue to do so go to www.mytaxcredits.co.uk
For regular tax and accountancy news sign up for our FREE NEWSLETTER.
News Articles
Latest News
HM Revenue & Customs (HMRC) has said that up to 4.7 mill...
Do you qualify for working tax credits? Let us help clear up...
The government has raised the VAT from 17.5% to 20% to try b...
Previous News
The 2011 Budget will take place on Wednesday 23 March, the C...
Experts have identified more than 1,000 reliefs in the UK&rs...
Have a look to see if you are able to claim Child or Working...
