With the down turn in the economy plodding on in 2009, it’s critical to know what government tax credits you are eligible for from the government / tax office. Every year, tens of millions of pounds worth of benefits and tax credits are discarded. A tiny piece of that money could have been reserved for yourself, if only you knew you were eligible for it. Be it a working tax credit, a tax credit to help home buyers, or child tax credit, it’s wise to do your research and learn the type of tax credits you’re entitled to.

A great place to start is the UK Inland Revenue website : taxcredits.inlandrevenue.gov.uk. On this website you can find out what tax credits are available to you, and how you can apply for them.

It’s vital to say that the method in which such benefits are computed are frequently rather complicated, so it’s a good idea to call the inland revenue and speak with an employee there, and divulge your particular living and working situation. By doing this, they can find out whether you are eligible for certain tax credits or not – as the application forms you need to fill in can be rather long to complete.

Not only is it great to find out what benefits you may be eligible for, but you might think of a member of your family or a friend who may also be entitled to such a tax credit.

This entry was posted on Saturday, July 18th, 2009 at 3:02 pm and is filed under Money + Finance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.