O'Reilly logo

The Daily Telegraph Tax Guide 2014 by David Genders

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

03

Tax credits

Tax Saver

If you are on a low or modest income you should be able to claim tax credits. These are:

  • Child Tax Credit (CTC), which is paid to individuals who are responsible for children. It does not matter whether claimants do, or do not, work; and
  • Working Tax Credit (WTC), which is paid to those in work and is targeted at low wage earners and workers who use formal childcare.

Who can claim?

To qualify for tax credits you must be:

  • at least 16 years old; and
  • physically present in the United Kingdom.

A single joint application must be submitted by

  • married couples;
  • couples living together as partners; or
  • civil partners.

Both tax credits are dependent on the incomes of the claimants.

Child Tax Credit

CTC is:

  • available to ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required