The current working tax credit and child tax credit system is to be incorporation into the new universal credit between now and 2017. The differences between the two systems need to be understood: There will be no working hours requirement as in tax credits. Entitlement will be based on net monthly income - currently income … Continue reading How will the change from tax credits to universal credits affect you?
Do you have children at home or a low income job? If so, you may qualify for tax credits. Tax credits are non-taxable payments issued by the UK government. The Child Tax Credit may be available to those who are financially responsible for children or young adults living in their home. Those who are employed, but … Continue reading The End of July Is Approaching! Know What You Need to Provide for Your Tax Credits Application