The Federal Tax Credits Blog

Posts Tagged ‘uk’

Question: Are Child Benefits and child tax credits the same?

My mum gets paid Child benefit every month but recently I found out she should be receiving child tax credits too, which is given weekly, it is under her name but my dad receives the money instead. What can she do about this?

Answer: Child Benefit is normally paid to the mother & is paid from when a child is born until they are 16 (19 if in full time education), this is paid whether the parents work or not. child tax credit is a Benefit which can be claimed by the working parent.

House rejects extension of unemployment benefits

With Republicans citing concerns about the growing national debt, the House rejected a bill today to extend unemployment benefits for people who have been out of work for long stretches.

Self-employment Why Not?: A Disabled Person’s Guide to the Benefits, Tax Credits and Other Help Available When Considering Self-employment …

The Earned income tax credit and the need to synchronize public assistance benefits (Working paper / Jerome Levy Economics Institute) …

Property tax reduction: A benefit cost interpretation …

Law Office Suite (Swift Software – 5-CD-ROM Collection) Quickly create over 2000 legally binding documents. Valid in all 50 states. 5 CD-ROM collection features multimedia video help, valuable legal advice and information which can save you $1,000’s in legal fees….

PolicyCast: Economic Recovery and Unemployment Benefit Extension

Question: Council tax issues?!?

I have been very silly and not paid my council tax (couldn’t afford it) now moved away from the property and I have been told by the bailiff collection company that are dealing with it now, that I have to pay the FULL amount in one month, but of course I can’t – I’m under a debt management programmer for my credit debts, and they have explained that they have to accept what you offer to pay back as long as its a reasonable amount per month, where do I stand?

Answer: Council Tax bailiff’s are, if you are genuinely in hardship, reasonable, however, as you say, you must make a reasonable offer to be accepted.

It’s a shame you got to this as now you will have costs too from the bailiffs.

Explain to them the programme you’re on and if necessary, complete a means form ( a form outlining what you owe and what you are paying out)

Good luck.

Incidentally, how old is the debt you owe? If they are chasing you outside the statue of limitations, they can’t get it anyway.

Bernanke’s Low Yields Keep Los Angeles From Refunding Bonds

March 1 (Bloomberg) — Natalie Brill , chief of debt management for Los Angeles, would like to take advantage of record- low interest rates to save at least $4.55 million by refinancing bonds for the second-most populous U.S. city.

Think Tank Consensus Group Pushes Tax Credits To Ease Health Insurance Woes.: An article from: National Underwriter Property & Casualty-Risk & Benefits Management $5.95 This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on June 21, 1999. The length of the article is 778 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. Yo…

Homebuyers learn cash is king on property bids: looming tax credit deadlines put borrowers under pressure.(REAL ESTATE): An article from: San Diego Business Journal $9.95 This digital document is an article from San Diego Business Journal, published by CBJ, L.P. on March 22, 2010. The length of the article is 1105 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Homebuyers learn cash is king on prope…

Oregon health benefits tax program faces delay.: An article from: National Underwriter Property & Casualty-Risk & Benefits Management $5.95 This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on January 16, 1989. The length of the article is 624 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase….

Property Management Software | Overview | SimplifyEm.com

Question: How many weeks pregnant should you be when informing Tax Credits (UK)?

Hi

I am 11 weeks pregnant and wondering when you inform HM Revenue that you are expecting a child?

Thanks x

Answer: I am sure you can only start claiming tax credits and child benefit after your child is born as you have to show the birth certificate – they payments will be backdated.

Britain’s ‘dangerous’ deficit is dividing the business community

Britain’s bulging deficit has divided the country’s politicians and economists into two distinct camps. Now the business community is split too.

The Aphdoridtes Week 2 060909

Question: My partner and I live in Scotland and our landlord always wants cash for rent…?

We have now lived here for about 3 months. We pay £650per month andhe wont take the rent any other way. We have asked to set up a direct debit or cheque but he only takes cash. Upon moving in he got my details and had a bit of paper which said it was from some internet company to do credit checks but told us he wasnt bothered about that just wanted my name, work deatails etc.
He does give us a reciept each month (A bit of paper with his address printed at the top and signs the amount paid and the date)> But its such a hassle having to take that kind of money and walk home from the bank. Could he not be paying tax? If not can we get into trouble for this? Thanks

Answer: Yes he probably is evading taxes which he will get caught sooner or later. If he wasn’t evading taxes he would at least accept a cashiers check or money order.

Teresa Hunter: How past presents can help insure your future financial health in 2010

THE party’s over, and the cold light of January is now dawning. Hogmanay’s thick head should have cleared, only to make way for another major headache; the financial hangover, which casts an even gloomier shadow over the new year.

Smart Financial Planning – Review of the weekend’s papers – 24th August 2009

Question: Help on UK dividends tax credit?

I’ve been running my own limited company and have recently filed my accounts with companies house and IR with success (I prepared them myself).

My Company paid me dividends over the year, but now the company needs to issue me a dividend voucher. I’m trying to work out the tax credit etc.

When the company paid me the dividends, it never deducted tax from the payments.

Lets say after Profit after tax, the company has paid me in total £20,000 dividends. This would be the amount received which should be 90% of the dividend income.

Therefore the tax credit would be £2,222.22 and the total div income would be £22,222.22. Is this right even though when the company made the dividend payments it didn’t deduct any tax from the dividends?

Any urgent guidance is much appreciated.

Thanks

Answer: Your understanding is exactly right.

Corus chief calls for spending

THE chief executive of Corus yesterday called on the UK to draw up a “real industrial policy” to make the country more attractive for manufacturers.

Tracing the Causes of Today’s Market Upheaval