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What are Child Tax Credits & Working Tax Credits?

April 26, 2017child tax credits working

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What are Child Tax Credits & Working Tax Credits?

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Tax Credits are a form of government childcare support provided by HM Revenue & Customs. The level of payment you are entitled to depends on personal family income. To find out if you are eligible for tax credits, call 0845 300 3900 or log onto www.taxcredits.inlandrevenue.gov.uk. Further information is also available on the HM Revenue and Customs (HMRC) website www.hmrc.gov.uk/childcare If you are eligible for or currently in receipt of tax credits, you need to be aware that sacrificing your salary to pay for childcare (for virtualvouchers) may impact on your entitlement to tax credits. For a precise calculation of Tax Credits entitlement or tax and National Insurance advice contact HM Revenue and Customs or visit http://www.hmrc.gov.