{"id":2355,"date":"2017-06-09T11:38:23","date_gmt":"2017-06-09T10:38:23","guid":{"rendered":"https:\/\/www.certaxlondon.co.uk\/?p=2355"},"modified":"2017-07-17T06:22:52","modified_gmt":"2017-07-17T05:22:52","slug":"working-tax-credits","status":"publish","type":"post","link":"https:\/\/staging.certaxlondon.co.uk\/news\/working-tax-credits\/","title":{"rendered":"Working Tax Credits UK 2017 To 2018"},"content":{"rendered":"<p>Tax credits is income given to people that are on lower income than everyone else. There are 2 different types of tax credits. The first one is working tax credit and the other one is child tax benefit. These tax credits are put in place to help families that are on a lower income than others and to lift them out of the welfare dependency.<!--more--><\/p>\n<p><strong><u>Working Tax Credit<\/u><\/strong><\/p>\n<p>The Working Tax Credit is designed to help the people that are working but are on lower income and that just need a helping hand to put the money towards rent or food, just to get them through the month. You are able to get the Working Tax Credit if you are self-employed or employed. Depending on your circumstances such as paying for child care or having a disability, you can get the basic amount plus extra. If you have a universal credit then you can\u2019t <a href=\"https:\/\/www.certaxlondon.co.uk\/news\/claim-tax-refund\/\">claim for Working Tax Credit<\/a>.<\/p>\n<p>You would be able to claim if you are 25 or over and working a minimum number of hours per week. Also, if you are ages between 16 and 24 and have a disability or have a child.<\/p>\n<p>This is a table to show you how many hours you would need to work if you are claiming for Working Tax Credits:<\/p>\n<table width=\"605\">\n<tbody>\n<tr>\n<td width=\"227\"><strong>Your circumstance<\/strong><\/td>\n<td width=\"378\"><strong>Minimum number of working hours a week<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"227\">Couple with 1 or more children<\/td>\n<td width=\"378\">At least 24 hours between you, with one at least working 16 hours<\/td>\n<\/tr>\n<tr>\n<td width=\"227\">Single with 1 or more children<\/td>\n<td width=\"378\">16<\/td>\n<\/tr>\n<tr>\n<td width=\"227\">Disabled<\/td>\n<td width=\"378\">16<\/td>\n<\/tr>\n<tr>\n<td width=\"227\">Ages 60+<\/td>\n<td width=\"378\">16<\/td>\n<\/tr>\n<tr>\n<td width=\"227\">Aged 25 to 59<\/td>\n<td width=\"378\">30<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>There are limits for Working Tax Credits that lets you know if you can or can\u2019t claim. In your household, if the income between everyone is \u00a36,420 or below then you will get the maximum amount that you can get for each Working Tax Credit category that you are entitle to. This is called the income threshold (\u00a36,420) and if you start to earn anymore above this threshold then the Working Tax Credits that your originally got will reduce.<\/p>\n<p>This table will show you the income limits you can get for Working Tax Credits if you are over 25, don\u2019t have a disability and don\u2019t have any children:<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"208\"><strong>Number of Children<\/strong><\/td>\n<td width=\"393\"><strong>Annual household income limit for 2016\/17<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"208\">None &#8211; couple<\/td>\n<td width=\"393\">Around \u00a318,000<\/td>\n<\/tr>\n<tr>\n<td width=\"208\">None \u2013 single person<\/td>\n<td width=\"393\">Around \u00a313,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>If you are eligible to get the basic amount for the Working Tax Credits which is \u00a31,960 a year, this is the basic element. You can get extra amounts on top of the basic element depending on your circumstances. It depends on:<\/p>\n<ul>\n<li>Whether you have children<\/li>\n<li>Your income<\/li>\n<li>Whether you pay for child care<\/li>\n<li>Whether you have a disability<\/li>\n<li>How many hours you work<\/li>\n<\/ul>\n<p><strong>The rates for 2017\/18 tax year<\/strong><\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"301\">Element<\/td>\n<td width=\"301\">Yearly amount<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">If you are paying for registered or approved childcare (the \u2018childcare element\u2019)<\/td>\n<td width=\"301\">Up to 70% of your childcare costs<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">If you are severely disable (the \u2018severe disability element\u2019)<\/td>\n<td width=\"301\">Up to \u00a31,290<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">If you work and are disable (the \u2018disability element\u2019)<\/td>\n<td width=\"301\">Up to \u00a33,000<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">If you work up to at least 30 hours a week (the \u201930 hours element\u2019)<\/td>\n<td width=\"301\">Up to \u00a3810<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">For a couple applying together or a single parent (the \u2018couple or long parent element)<\/td>\n<td width=\"301\">Up to \u00a32,010<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong><br \/>\nChild Tax Credit<\/strong><\/p>\n<p>The <a href=\"https:\/\/www.certaxlondon.co.uk\/news\/tax-free-childcare-2017\/\">Child Tax Credit<\/a> is to help with the cost of raising a child if you are on low income or unemployed. You might be able to claim for it if you are over 16 and responsible for a child who is either under 20 and in full time education or training or under 16.<\/p>\n<p><strong>Rates for 2017\/18 tax year are<\/strong><\/p>\n<table width=\"586\">\n<tbody>\n<tr>\n<td width=\"301\">Element<\/td>\n<td width=\"285\">Yearly amount<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">For each severely disable child (the \u2018severely disabled child element\u2019)<\/td>\n<td width=\"285\">Up to \u00a31,290 (in addition to the child and disabled child element)<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">For each disable child (the \u2018disabled child element)<\/td>\n<td width=\"285\">Up to \u00a33,175 (in addition to the child element)<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">For each child (the \u2018child element\u2019)<\/td>\n<td width=\"285\">Up to \u00a32,780<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>These amounts you get also depend on things like:<\/p>\n<ul>\n<li>Whether your child has a disability<\/li>\n<li>How many children you have living with you<\/li>\n<li>Your income<\/li>\n<\/ul>\n<p>The Tax Credit Office will take into account your circumstances when apply for the Child Tax Credits. The table below with show you a rough idea for the upper annual household income limits for getting Child Tax Credit, if your income is below or around these amounts then you may be entitled to it.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>If you have child care costs<\/strong><\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"226\">Number of children<\/td>\n<td width=\"375\">Annual household income limit for 2017\/18<\/td>\n<\/tr>\n<tr>\n<td width=\"226\">1<\/td>\n<td width=\"375\">\u00a340,000<\/td>\n<\/tr>\n<tr>\n<td width=\"226\">2<\/td>\n<td width=\"375\">\u00a355,000<\/td>\n<\/tr>\n<tr>\n<td width=\"226\">3<\/td>\n<td width=\"375\">\u00a365,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong><br \/>\nIf you don\u2019t have childcare costs<\/strong><\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"226\">Number of children<\/td>\n<td width=\"375\">Annual household income limit for 2017\/18<\/td>\n<\/tr>\n<tr>\n<td width=\"226\">1<\/td>\n<td width=\"375\">\u00a325,000<\/td>\n<\/tr>\n<tr>\n<td width=\"226\">2<\/td>\n<td width=\"375\">\u00a335,000<\/td>\n<\/tr>\n<tr>\n<td width=\"226\">3<\/td>\n<td width=\"375\">\u00a340,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Tax credits is income given to people that are on lower income than everyone else. There are 2 different types of tax credits. The first one is working tax credit and the other one is child tax benefit. These tax&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-2355","post","type-post","status-publish","format-standard","hentry","category-tax"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Working Tax Credit | How Tax Credits Work 2017 to 2018<\/title>\n<meta name=\"description\" content=\"How Tax Credits Work? 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