The UK Tax credits system has two key elements: the Working Tax Credit which takes the major part and the Child Tax credit, which is very easy to obtain if you are a parent or a legal caretaker of a child. Hereby we would like to give you some general information on what the applicant needs and what general sums one can count with when applying for this credit. Let’s also underline the fact that if one is taking care of a sick, mentally ill or disabled (or severely disabled) child then the sums will change depending on the severity of the illness or disability.
This credit has basically two segments: the child and the family segment. While the family segment takes out a smaller sum the child segment is the base of the credit.
It’s also important to underline that a few years back the UK government has decided to offer two sorts of amounts for the parents or parent: either after one child or after 2 or more children. This means that the sum will not change in all if someone has more than two children.
The Child Tax credit is always provided per household not according to the number of parents or caretakers
This type of credit can be obtained by people with one or more children under 16 years of age.
However Child Tax Credit can also be obtained for studying purposes: by parents whose child is under 20 and he/she is to study at such school which has been appointed taking part in the Child Tax Credit program. Applicants can find more detailed information on the Child Tax Credit website of the UK government.
The generic amounts:
As mentioned above Child tax credit has two elements. The family element’s base amount is 545 British Pounds/ year while the Child element of the credit has a maximum amount of 2780 British Pounds. These are maximum amounts and it’s always the government who makes the decision on what exact amount should a family receive.
Once the application is accepted the Credit will be paid once a month for a year and it has to be elongated well on time because of the length of the re-application procedure.
If your child has a disability call the UK tax credits contact number to obtain further information on how to signify this on the application form.
It’s also important to note if the family already receives any sort of benefits already which may affect the amount of Child Tax credit.
The application form can be downloaded from the official governmental website of the Tax Credit. Another way is to obtain one from a local post office.
The government also has a hotline and a detailed information page for everyone who has any difficulties with the application.
The application procedure is pretty long (it can take over 5 weeks to be processed) therefore everyone is advised to apply well on time.
Each applicant will receive a tax credits number which will serve as a reference number all along.