Working tax credit

Tax credits are payments made from the state to support those with children or in work but with a low income. They're paid via the tax office and anyone aged over 16 who normally lives in the UK can apply to get them. They are also known as working families tax credit.

There are two types of tax credits; working tax credit which is designed for people who earn low wages and child tax credit which is a payment for parents to provide support for the cost of raising children.

Changes introduced by the coalition government as part of the 2010 comprehensive spending review in October 2010 mean that a couple with children have to work 24 hours a week between them in order to be eligible for the working tax credit.

	Tax credit renewal deadline checklist Chas Roy-Chowdhury Head of taxation at ACCA offers a full guide to all you need to know in the run-up to the deadline on July 31st for renewing tax credit claims.
	Tax credit renewal date on horizon HMRC warns tax credit claimants to return their renewal forms in time to keep their payments coming.
	Osborne announces credit-easing plan but "no unfunded tax cuts" George Osborne has delivered his speech on the economy at the tory party conference. There will be no unfunded tax cuts but he does announce a credit-easing plan.
	One-month warning on renewing tax credit claims HMRC has told Brits to renew their tax credit claims promptly in order to ensure their information is correct and their payments uninterrupted.
	CBI gives government credit for business tax reforms The coalition's action on the deficit and efforts to reform business tax have earned praise from the CBI.