Tax credits are NOT just for low income earners. Ninety per cent of families are entitled to something. If your total annual household income is anything up to £58,175 you will probably be able to make a successful claim.

Even if your income is higher it may still be worth making a claim, especially if you are self employed.

And the amounts involved are by no means trivial. Claims of £500 to £1,000 are quite standard -- in certain circumstances they can be for thousands of pounds.

Our tax guide will guide you through the tax credit maze. It tells you in plain English everything you need to know about claiming your Child Tax Credits and Working Tax Credits.
 

How to Claim Tax Credits contains lots of vital information, including:

• How tax credits work - in plain English!
• How to determine if you qualify.
• How much you will be paid.
• How to make your claim NOW.
• Why tax credits are not just for low income earners.
• Why even high income earners should make "protective claims" every year.
• How certain households with income up to £66,000 can make a claim.
• Why you should make your claim as soon as possible.
• How to avoid having to repay your tax credits.
• How to avoid a £300 penalty from the taxman.
• Deductions that reduce your income and help you qualify for tax credits.
• Answers to Frequently Asked Questions.
• Clear examples of different families and how much they can claim.

Click here for a complete list of the guide's contents

The authors are Carl Bayley BSc ACA and Isabel Miller BA. Carl is a regular speaker on tax matters, and was recently invited to talk to over 450 people at the latest Property Investor Show. Carl is also a regular contributor to TV programmes such as the BBC's It's Your Money programme and national newspaper articles on tax matters. He was recently appointed to the Council of the Institute of Chartered Accountants in England & Wales.
Isabel has worked in the UK tax compliance field for over 20 years, first in the tax departments of some of Edinburgh's leading accountancy firms and more recently in her own tax advice practice. She has an exceptionally high level of understanding in all aspects of taxation compliance affecting individual taxpayers.

Carl Bayley BSc ACA

How to Claim Tax Credits is currently unavailable. However, you may be interested in one of our other tax guides, Tax Planning for Couples. Click here to read more about this title.