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 Accounting News & Insights

Latest Tax Club blog released: Tax Credits Changes

18th May 2012

The government has made major changes to tax credits with effect from 6 April 2012.

Previously, you could usually get some form of Child Tax Credit (CTC) if your income was below the limit of £41,300.  From 6 April 2012 the income limit depends on individual circumstances, but as a rough guide CTC will not be payable if:

  • you have one child, and your annual income is more than around £26,000;
  • you have two children, and your annual income is more than around £32,200.

To read more visit: http://wwtaxclub.blogspot.co.uk/2012/05/tax-credits-changes.html


Accounting News & Insights

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Latest Tax Club blog released: Tax Credits Changes

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