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.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy