Many families are entitled to tax credits, yet aren't claiming them as they may incorrectly believe that they don't qualify for them, they think the claim system is too complicated or they are worried about having to repay accidental overpayments.

Many families incorrectly believe that tax credits are restricted to those with children.

There are two types of tax credits:

  • Child Tax Credit, and
  • Working Tax Credit

The amount of tax credits you receive will depend on your annual income, number of children and number of hours worked amongst other criteria.

The easiest way to check if you qualify for them is to utilise the HMRC online calculator or call the tax credits helpline 0345 300 3900.

You should note that the tax credit rules do change so you should ensure you are following the latest guidance.