Tax credit Archives | Taxfile https://www.taxfile.co.uk/category/tax-credit/ Tax advice & accounting services for South London businesses & SMEs Fri, 10 Jan 2025 13:13:00 +0000 en-GB hourly 1 Email Scam Warning in run-up to HMRC Tax Credits Deadline https://www.taxfile.co.uk/2014/07/email-scam-warning-for-tax-credits-deadline/ Mon, 21 Jul 2014 09:00:14 +0000 http://www.taxfile.co.uk/blog/?p=790 HMRC have sent out warnings over a significant threat from new ‘phishing’ emails purporting to be from them. They are, in fact, scam emails which include links to replicas of the HMRC site and are designed to trick people into disclosing security-sensitive financial and personal information such as bank details, National Insurance numbers, credit card […]

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]]> New HMRC Service to Replace Closing Enquiry Centres https://www.taxfile.co.uk/2014/06/new-hmrc-service-to-replace-closing-enquiry-centres/ Tue, 24 Jun 2014 12:15:38 +0000 http://www.taxfile.co.uk/blog/?p=735 Her Majesty’s Revenue & Customs (‘HMRC’) have now completed a 7 month pilot scheme, held across the North East of England, whereby they closed existing HMRC Enquiry Centres and instead offered those requiring extra help with tax-related issues assistance in a different, more tailored way. With the pilot scheme now complete and deemed a success, […]

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]]> 2008 Pre-Budget Report https://www.taxfile.co.uk/2008/11/2008-pre-budget-report/ Sat, 29 Nov 2008 18:38:00 +0000 http://www.taxfile.co.uk/new-Taxfile-WP-blog/?p=20 In his 2008 Pre-Budget Report speech on 24 November, the Chancellor has set out his actions for supporting people through the difficult times of the current global financial crisis. Among the most important changes to do with tax, VAT and benefits, we can mention the following: •Personal tax allowance increases to £6475, and the basic […]

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]]> What are the tax credits? https://www.taxfile.co.uk/2008/03/what-are-the-tax-credits/ Sun, 30 Mar 2008 14:20:00 +0000 http://www.taxfile.co.uk/new-Taxfile-WP-blog/2008/03/what-are-the-tax-credits/ Tax credits are payments the Government makes to you if you live in the UK and are in a paid work, responsible for children or both. There are two types of tax credits: Working Tax Credit (WTC) and Child Tax Credits (CTC). The CTC has the following parts: • a family part • a baby […]

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]]> Corporation Tax (CT) https://www.taxfile.co.uk/2008/02/corporation-tax-ct/ Sat, 09 Feb 2008 11:09:00 +0000 http://www.taxfile.co.uk/new-Taxfile-WP-blog/2008/02/corporation-tax-ct/ The fourth largest source of government revenues is Corporation Tax, charged on the profits and chargeable gains of companies. The main rate band is 30%, which is levied on taxable income above £1.5m. The small companies rate of 19% is charged on the first £300,000 of profits where profits are between £50,000 and £1,500,000. Profits […]

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