What are Working Families Tax Credit and Disabled Persons Tax Credit?
* end of previous pay period and end of responsibility ** end of previous pay period and end of current pay period *** start of responsibility and first payment This table is for illustration purposes only. You will not have to record tax credit payments in this way, but you may find it helpful to produce a similar form when you work out the tax credit payments you will have to make. Do I have to inform the TCO after I have made the final tax credit payment for which I am responsible? No. The TCO will assume that you have paid tax credits in accordance with the instructions on the start notification. If the employee is awarded tax credit for a further 26-week period, the TCO will make the initial payments direct and will again give you the appropriate amount of notice. How will I account to the Inland Revenue for tax credits paid? At the end of the month or quarter you will • show on form P32 or P30BC the total PAYE tax, NICs and student loan decuctions due in respect of all your emplo
