This Article is About
working tax credits
personal circumstances
uk citizens
salary
proof
UK Working Tax Credits Tax Credit System
Join 1000's of Authors at StreetArticles Today!

The Definition Of Working Tax Credits:

Working tax credits were created to give a little extra to the salary of the UK citizens that have low average income. Although being a parent is one of the points, it is not an essential part. Beside your personal circumstances you work hours and the salary that you get will be the key prerequisites. If you are disabled or were on the other benefits, it will be taken into account. In order for the application to go through one of the four conditions must be met.

Working Tax Credits Conditions:

As it was mentioned above there are four major requirements that must be met for your application to be successful. The first one is having a child, being at least 16 years of age and working at least 16 hours every week. The second one is having a disability claim whilst being 16 years old or older and still work 16 hours per week. You do not have to have a child if you are working 30 hours per week and are at least 25 years old. If you were on the benefits for at least half a year and recently resumed working at the rate of 16 hours each week, you are eligible as well as long as you are at least 50 or over.

How To Arrange A Claim For Working Tax Credits:

First of all you must be quick as every year on 6th of April it is getting renewed. That is the date when the tax year starts and the information is updated. Be prepared to provide massive amount of your personal information and attempt to have as much proof of that as possible, like the salary slips, even if you were self-employed. It is a must to consult with the help desk before you can claim a working tax credit. See if you have someone who has done it before for them to guide you through as this program is never easy to complete for the first time.

Using Working Tax Credits Calculator:

If you search online you will see that the benefits are updated yearly and are fixed. Personal circumstances can alter the figure greatly producing unique sum for you. You can use tax credits calculator in order to determine what will be your personal total. Those working tax credits calculators are available online free of cost and will provide very close estimation taking your personal information into the formula.


Street Talk

No comments present
You May Also Like
Work And Child Tax Credit Guide For UK Citizens
General Overview To Tax Credit: Like most of the social assistance comes from the government, tax credit was created to financially aid UK residents. Fundamentally this kind of support is designed for people who receive lower than average income or people with children having insufficient income. At this moment there…
By:  in  Finance  >  Taxes   Jan 04, 2012  
0
  Likes: 0

Should I be a full-time Musician?
Perhaps you have asked yourself that question, especially if you do a lot of performing. There is a healthy balance one can find on this issue, that is why I decided to write this article, including thought provoking subheadings..... In its conclusion, you may be drawn to the answer best…
By: Romell Wilson in  Arts and Entertainment  >  Music Instruction   Aug 03, 2011  
0
  Likes: 0

Cycling to Work Tips
Commuting by BikeWith the price of fuel constantly rising, and the economy tanking pretty much everywhere, more and more people are considering cycling to work as an option to save money, save the planet or maybe just to feel good.So here are my cycling to work tips.Firstly if you work…
By: Mike Dowsing in  Recreation and Sports  >  Cycling   Nov 09, 2011  
0
  Likes: 0

Japanese Garden
There is nothing nicer than being outdoors wherever one may live? I've always loved it anyway. Simple things like mowing your own lawn and the lovely smell of the cut grass. Ah, that's magic man.Having said that the funny thing is, most of my life I lived on and owned…
By: Spook Moor in  Home Improvement  >  Landscaping Outdoor Decorating   Dec 31, 2011  
0
  Likes: 0

Debts Advice is Helpful In The UK
Are you looking for ways to save money on your monthly bills? Cutting back on your expenses is one way to help you save more money for the things you and your family wants. Today, thousands of UK citizens who have taken out major loans in the past six years…
By: connectedclaims in  Insurance  >  Commercial   Mar 19, 2013  
0
  Likes: 1

Taxing Business Differently
Choice of Entity Every year many new businesses commence operations and their new owners invariably must ask hopefully sooner rather than later, what type of entity should I choose? And in particular, which one provides the most benefit in terms of positioning my company as it relates to my personal…
By: Patrick18 in  Finance  >  Taxes   Jun 06, 2016  
0
  Likes: 0

Importance Of Professional Tax Preparer
The tax preparer is important to get flexibility in the tax calculation, take advice about the tax amount, changing governmental policies and can focus on the other business activities necessary for business expansion. The tax preparer will definitely get the most accurate number of the amount you are liable to…
By: Edward Smith4 in  Finance  >  Taxes   Jun 06, 2016  
0
  Likes: 0

Hosted ERP Solution on Cloud And Desktop Server
ERP is a suite of application software functionalities for managing accounts and finances of an enterprise. ERP is enterprise resource planning software for managing the everyday functionalities of trades. The process of accounting was complex but now it is simpler and easier which is eventually due to ERP solutions in…
By: Jaishking in  Finance  >  Taxes   May 28, 2016  
0
  Likes: 0

Access Drake Software Cloud Hosting on Smartphone
Tax filing was complicated when managed by the accountants and bookkeepers on papers. Since software solutions came into being, the paper based method of tax filing has eliminated and swapped by the automated tax software application. Today the industry has many products for tax filing and hence businesses can choose…
By: Jaishking in  Finance  >  Taxes   May 28, 2016  
0
  Likes: 0

How A Tax Preparer Can Help You Out?
Tax liability is the amount of money a person, organization, entity or company owes to the government. For the government, taxes are an important source of revenue. The government uses the taxes to fund its operations like building the schools, hospitals, road, highways and defending the country. The tax liability…
By: Edward Smith4 in  Finance  >  Taxes   May 28, 2016  
0
  Likes: 0

With Cloud ERP Software Business Management
First we must know about an ERP solution and the purpose of this product. ERP in simple terms is called enterprise resource planning software applications. This software simplifies accounting and commerce for an organization. When a company has ERP solutions, the process of trading and company management is proficiently managed…
By: Jaishking in  Finance  >  Taxes   May 24, 2016  
0
  Likes: 0

Online Customer Data Protected With ACT Cloud Pricing Services
Business organizations can get customer management software ACT to manage their firm. ACT is robust customer management software which brings all client data at one place. The software secures existing prospect client information at one place. ACT is one of the best accounting software for managing client data. Customers are…
By: Jaishking in  Finance  >  Taxes   May 23, 2016  
0
  Likes: 0

How Accountants In Middlesbrough Can Help You?
Different harsh economic conditions can destroy the small businesses completely. People may think that getting the help of accounting services can be expensive in such situations. Well, there is nothing needed more than the accountants Middlesbrough at those times. That’s why, you need to understand the value of accounting Middlesbrough.…
By: aby in  Finance  >  Taxes   May 01, 2016  
0
  Likes: 0

Factors to Consider Before Hiring Professional Accountants In Middlesbrough
The rules related to business change every year and thus the average business entities become irritated and confused. In such a situation, all you need is the help of professional accountants Middlesbrough. The professional accountants are aware of the problems that are the result of the complicated accounting Middlesbrough system.…
By: aby in  Finance  >  Taxes   May 01, 2016  
0
  Likes: 0

Your Identity With the IRS
Most people have heard that you can protect your identity with the IRS. After hearing so many stories recently in the news even as of February 9, 2016 regarding a malware program trying to get E filing numbers, how many people don’t want IRS identity protection? The answer of course…
By: Patrick18 in  Finance  >  Taxes   Apr 28, 2016  
0
  Likes: 0

Article Views: 1207    Report this Article