You and Tax Credits: What Are You Entitled to?
Posted in Finance Network on August 19th, 2009With the down turn in the economy grinding on in 2009, it’s crucial to recognise what benefits you may be entitled to from the UK government. Every year, hundreds of millions of pounds worth of benefits and tax credits go unclaimed. A tiny piece of that money could have been appropriated for you, if only you knew you were eligible for it. Be it a child tax credit, working tax credit, or family tax credit, it’s wise to do your preparation and find out what kind of benefits you are eligible for.
A good place to begin is by going to the the Inland Revenue website : taxcredits.inlandrevenue.gov.uk. Here you can discover what tax credits are available to you, and also how you can claim .
It’s essential to say that the way such benefits / tax credits are computed are normally quite complicated, so it’s a great idea to phone the inland revenue and talk to an employee there, and divulge your particular situation. That way they can determine whether you stand a chance to are entitled to particular benefits or not - as the forms you need to complete can be quite long to fill in.
Not only is it great to understand what tax credits you may be eligible for, but you may also think of a family member or a friend who may be eligible for such a tax credit/benefit.