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wooden figures of a family with 2 children, a green post it note can be read saying 'CHILD TAX CREDIT'.
Updated on 6 April 2024

Child tax credit

Child tax credit is paid by HM Revenue and Customs (HMRC) to support families with children. It is paid independently of child benefit and is payable whether you are working or not.

A yellow piece of paper with the words 'WORKING TAX CREDIT' written on it with black and red ink.
Updated on 6 April 2024

Working tax credit

Working tax credit is paid by HM Revenue & Customs (HMRC) to support people who work and are on a low income. It does not matter whether you are an employee or self-employed. 

Updated on 5 December 2019

Loan charge tax return demand unhelpful, says LITRG

LITRG is calling on HMRC to consider using their powers to remove the requirement that those in the loan charge settlement process – who have not settled by 31 January 2020 – should have to file a tax return to report the charge, only to amend it to remove the charge once settlement is reached.

Updated on 25 November 2019

Loan charge review – an update

The loan charge review was originally expected to report in mid-November. Due to the general election on 12 December, the report will now be delivered to the new Government on its formation instead. It could therefore easily be January before any decisions are made. As a result, HMRC have published updated guidance announcing new obligations for many people in the settlement process.

a red and white calendar with an hour glass on top of it, the hourglass has blue sand running through it.
Updated on 25 September 2019

Loan charge – additional information form FAQs

Although an independent review of the loan charge is currently underway, you may still need to complete an ‘additional information’ form for HMRC by 11.59pm on 30 September 2019 (i.e. before 1 October 2019). We know that completing the additional information reporting form may be causing some ...

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Updated on 19 September 2019

Loan charge review – have your say

It has been confirmed that Sir Amyas Morse, the former head of the National Audit Office (NAO), will lead an independent review of the loan charge. A call for evidence has been issued – here we tell you what the loan charge review means and how to have your say.

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