Claiming Tax credits
A new leaflet has been published providing basic information on how to claim tax credits. The leaflet explains both the Child Tax Credit and the Working Tax Credit.
The Child Tax Credit is paid to those responsible for raising children whether they are working or not. Increased amounts are paid to those looking after babies or disabled children with additional payments possible where children attend approved childcare facilities.
The Working Tax Credit is available to qualifying individuals with children who work at least 16 hours per week. The working tax credit is also available to qualifying taxpayers not responsible for children where they meet one of the following conditions:
– Aged over 25 and work at least 30 hours a week, or
– Aged at least 16 and qualify for an extra payment due to disability
– Aged over 50 and going back to work after being on benefit for at least 6 months.
The leaflet also reminds claimants to notify HMRC should their circumstances change such as stopping or starting work, changes in income and changes in family circumstances.