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Posts Tagged ‘working tax credit’

Now that the dust has settled on the Budget 2015…

What does it actually mean for individuals? The Minimum Wage The current rate for people over 21 is £6.50 p/h.  The new rate in 2016 will be the ‘living wage’ for those over 25 and will be set at £7.20 from April 2016 rising to £9.00 by 2020. At this stage it is unclear how[...] Read more »

Tax credit claimants must renew before 31 July, says HMRC

People who claim tax credits are being reminded by tax officials that an annual deadline is approaching for them to renew their claim. Claimants have until 31 July to renew, otherwise they face losing the payments, HM Revenue and Customs (HMRC) has said. Tax credit renewal packs have been sent to 5.8 million people since[...] Read more »

Working Tax Credits for Self Employed

WORKING TAX CREDIT –  SELF EMPLOYED Update your information by the 31st July – Make sure your accountant has completed your tax return and that you have provided all the relevant information. HMRC Tax Credits Helpline on 0345 300 3900 It’s an oft-held criticism that some people are better off on benefits than working. The[...] Read more »