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Working Tax Credit. Working Tax Credit ( WTC) is a state benefit in the United Kingdom made to people who work and receive a low income. It was introduced in April 2003 and is a means-tested benefit. Despite the name, tax credits are not to be confused with tax credits linked to a person's tax bill, because they are used to top-up low wages.
By the end of 1978 the rate had been increased to £3/week for each child, with an additional £2/week payable to lone-parent families. In 1979 the Child Tax Allowance was removed, the value of the allowance taken up in higher child benefit payments, now £4/week, plus £2.50/week extra for lone-parent families.
Family Credit. Family Credit (FC) was a social security benefit introduced by the Social Security Act 1986 for low-paid workers with children in Great Britain that replaced Family Income Supplement . The benefit was designed for families with children if at least one person is working more than 24 hours a week on average.
Jobcentre Plus, The Pension Service and the Disability and Carers Service operate through a network of around 1,000 Jobcentres, contact centres and benefit processing centres across the UK. Budget. The total annual budget of the department in 2011–12 was £151.6 billion, representing approximately 28% of total UK Government spending.
Corporation tax is a tax levied in the United Kingdom on the profits made by companies and on the profits of permanent establishments of non-UK resident companies and associations that trade in the EU. Corporation tax forms the fourth-largest source of government revenue (after income, NIC, and VAT).
Universal Credit is a United Kingdom social security payment. It is means-tested and is replacing and combining six benefits, for working-age households with a low income: income -related Employment and Support Allowance, income-based Jobseeker's Allowance, and Income Support; Child Tax Credit and Working Tax Credit; and Housing Benefit.
DETROIT (FOX 2) - Michigan taxpayers have received more than $219 million as part of the Working Families Tax Credit, the state announced Monday. Nearly 300,000 checks worth an average of $550 ...
The 1998 United Kingdom budget (sometimes referred to as the Prudence with a purpose budget and officially titled New Ambitions for Britain) [1] [2] was delivered by Gordon Brown, the Chancellor of the Exchequer, to the House of Commons on 17 March 1998. It was the second budget to be presented by Brown following Labour 's 1997 general election ...