TaxPersonal TaxRevenue publishes Children’s Tax Credit guidance

Revenue publishes Children's Tax Credit guidance

The Inland Revenue has placed a brief outline of the new income tax relief for people with children on its internet site.

The Children’s Tax Credit – which starts on 6 April 2001 – is a new income tax relief for people with children. It can reduce the amount of income tax they pay by up to £442 a year or £8.50 a week.

CTC can be claimed by married or unmarried couples or by single parents; who have at least one child that is under the age of 16 at the start of the tax year; and who lives with them for at least part of the tax year.

Further guidance will be published on the Revenue’s website soon.

Children’s Tax Credit

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