Tax credits are payments from the government. If you're responsible for at least one child or young person, you may qualify for Child Tax Credit. If you work, but are on a low income, you may qualify for Working Tax Credit. You can often get both types of tax credits. They aren't taxable.
What does the data say?
As of August 2011 there were 1;
- 19,500 families in Bath and North East Somerset recieving child tax credits, benefitting 33,900 children.
- 9,600 of these were in-work
- 2,500 lone parents
- 12,100 families receiving working tax credits
- 1. HM Revenue and Customs 2011 Tax credits snapshot http://www.hmrc.gov.uk/statistics/fin-small-stats.htm