Parents ignoring children's tax credit
The Inland Revenue has revealed an estimated 1.2 million people have yet to register for children's tax credit - with less than six weeks until the deadline to register in time for the new tax year.
The Inland Revenue has revealed an estimated 1.2 million people have yet to register for children's tax credit - with less than six weeks until the deadline to register in time for the new tax year.
In order to register for the credit – effective from April – application forms must be submitted by the end of February.
The Revenue estimates five million people qualify, but it has only received 2.8 million applications – with one million people eligible but self-employed, so not required to apply.
A spokesman said this week: ‘We will be stepping up an advertising campaign to reiterate our message.’
The credit, part of government attempts to become family friendly – which has included a campaign launched by employment minister Margaret Hodge last year to boost the recruitment of childcare staff – will be worth tax liability reductions of £442 to families.
It replaces the married couples allowance, which rewarded couples with a £200 tax reduction.
More information on the children’s tax credit can be found at the Revenue’s site at www.inlandrevenue.gov.uk/ctc/index.htm
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