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The first modern child tax credit was introduced in David Lloyd George's 1909 'People's Budget'. This introduced a £10 income tax allowance per child, for tax payers earning under £500 per annum. Following extensive Parliamentary debate, the Budget became law as the Finance Act (1909–1910) 1910 on 29 April 1910. [1]
A child tax credit (CTC) is a tax credit for parents with dependent children given by various countries. The credit is often linked to the number of dependent children a taxpayer has and sometimes the taxpayer's income level. For example, with the Child Tax Credit in the United States, only families making less than $400,000 per year may claim ...
The Working Tax Credit (WTC) and the Child Tax Credit (CTC) are made up of "elements" related to individual circumstances. Examples of elements for an entire year are: [5] a basic element of £1,890 payable to everyone (in 2009/2010) a couple and lone parent element (£1,860) a 30 hour [working week] element (£775)
The loss of United Kingdom child benefit data was a data breach incident in October 2007, when two computer discs owned by HM Revenue and Customs containing data relating to child benefit went missing. The incident was announced by the Chancellor of the Exchequer, Alistair Darling, on 20 November 2007. The two discs contained the personal ...
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The Child Tax Credit (Amendment) Regulations 2006: Image title: TAX CREDITS, TAX CREDITS: Author: Software used: FOP 1.0: Conversion program: Apache FOP Version 2.1: Encrypted: no: Page size: 595.276 x 841.89 pts (A4) Version of PDF format: 1.4
His Majesty's Revenue and Customs (commonly HM Revenue and Customs, or HMRC) [4] [5] is a non-ministerial department of the UK Government responsible for the collection of taxes, the payment of some forms of state support, the administration of other regulatory regimes including the national minimum wage and the issuance of national insurance numbers.
Finalised Tax Credit Awards 2003-2004 Finalised Tax Credit Awards 2004-2005 Finalised Tax Credit Awards 2005-2006; 5,670,000 claims for Tax Credits.