Working Tax Credit is a benefit which is currently helping over two million households in the area of the United Kingdom. This is a governmental way of help specifically designated for those who need extra help to top their current income off with becauset heir wage is below a stated minimum (GBP 14.000 in case of one individual applicant and GBP 19.000 in case of a couple applying jointly) the working hours should be either 30 hours per week per individual or 16 hours /week in case the applicant is raising a child alone.
The best help ever is to get hold of your last year’s tax papers. If you don’t find your own copy you can still get help in the tax centre if you show address proof or get the HMRC in your area to get it for you.Total wage:
total gross incomeEmployee benefits:
Any goods or extra money you’ve been paid.
Tips only to be included if they are not already part of your salary
Severance payment: Only if the total amount exceeds GBP 30.000
Earnings from outside the UK: Always to be included in British Pound
Maternity, paternity benefits - up to a maximum of GBP 100/ week (if one got more still include GBP) 100
Of course this all depends on the applicant’s exact situation. For the Self Employed just use the total gross amount featured on the Self-Assessment Tax Return Form.
Finally if you find it all too problematic as the help of your local tax office or hire a bookkeeper to count this all out for you.