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  2. Working Tax Credit - Wikipedia

    en.wikipedia.org/wiki/Working_tax_credit

    Working Tax Credit ( WTC) is a state benefit in the United Kingdom made to people who work and have a low income. It was introduced in April 2003 and is a means-tested benefit. Despite their 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 wages.

  3. Tax credit - Wikipedia

    en.wikipedia.org/wiki/Tax_credit

    A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe the state. [1] It may also be a credit granted in recognition of taxes already paid or a form of state "discount" applied in certain cases. Another way to think of a tax credit is as a rebate. Contents

  4. Tax credit overpayment - Wikipedia

    en.wikipedia.org/wiki/Tax_credit_overpayment

    In the tax law of the United Kingdom, tax credit overpayment occurs when a claimant (person filing taxes) has received more Working Tax Credit (WTC) or Child Tax Credit (CTC) than HMRC ’s final end of year calculations awards them.

  5. United Kingdom corporation tax - Wikipedia

    en.wikipedia.org/wiki/United_Kingdom_corporation_tax

    Corporation tax in the United Kingdom is a corporate tax levied in on the profits made by UK-resident companies and on the profits of entities registered overseas with permanent establishments in the UK. Until 1 April 1965, companies were taxed at the same income tax rates as individual taxpayers, with an additional profits tax levied on companies.

  6. Taxation in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_Kingdom

    Taxation in the United Kingdom may involve payments to at least three different levels of government: central government ( Her Majesty's Revenue and Customs ), devolved governments and local government. Central government revenues come primarily from income tax, National Insurance contributions, value added tax, corporation tax and fuel duty.

  7. Research and Development Tax Credit - Wikipedia

    en.wikipedia.org/wiki/Research_and_Development...

    From Wikipedia, the free encyclopedia Research and Development (R&D) Tax Credits are a UK tax incentive designed to encourage companies to invest in R&D. Companies can reduce their tax bill or claim payable cash credits as a proportion of their R&D expenditure. Contents 1 History 2 Overview 3 SME and Large Company status for R&D tax relief purposes

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