Tax Credits and the Inland Revenue

To qualify for tax credits you must be aged 16 or over and usually live in the United Kingdom. Short absences abroad for holidays or on business will not affect your eligibility.
If you are a single (or separated) person you should make a claim based on your individual circumstances.

If you are part of a married couple or a man and woman living together as if you are married, you must claim together, based on your joint circumstances and income.

Child Tax Credit is the main way that families get their money for their children and for 16-18 year olds in education. The amount you get is based on your income; you can claim whether or not you are in work and all families with children and an income up to £58,000 a year (or up to £66,000 a year if there is a child under one year old) can claim.

Working Tax Credit is a payment to top up the earnings of low paid working people (whether employed or self-employed) including those who do not have children.

Working Tax Credit is paid by your employer with your wages or salary; the Inland Revenue pay the self-employed directly into a bank or building society account. Child Tax Credit is also paid direct into a bank or building society account.

Child Benefit is not affected by Child Tax Credit and Working Tax Credit.

As usual, the application forms for these credits are not straightforward and failure to tell the Inland Revenue about a change in your circumstances can be expensive. We can help!
There are two tax credits, Child Tax Credit and Working Tax Credit.
If you have children or are working as an employee or a self-employed person (whether or not you also have children) you should know about these credits.

You can contact Les Styles on 01925 761600 if you would like some more information.