TAILIEUCHUNG - WTC 1 - Child Tax Credit and Working Tax Credit - An introduction

Among emerging markets, it accounted for a high share – roughly a quarter – of total bank credit in emerging Europe, but much less in Asia and the Pacific and Latin America. Comparing these measures, the data that have been adjusted for exchange rate fluctuations tell very different stories from the ones implied by the unadjusted data. While the latter show large contractions outside the United States, the former indicate that, worldwide, total bank credit did not actually contract during the crisis. What did contract was direct cross-border credit. While growth in domestic credit remained positive in all six regions (blue lines), growth in direct cross-border credit. | WTC 1 - Child Tax Credit and Working Tax Credit - An introduction Contents Introduction Who can claim Child Tax Credit Can I claim How much can I claim What if I have a new baby How do you pay Child Tax Credit What if I get Income Support or income-based Jobseeker s Allowance Working Tax Credit Can I claim How much can I claim Can I get help with the costs of childcare if I m working How do you pay Working Tax Credit How do I claim or get more information What do I need to make a claim for 2007-2008 Customer Service HM Revenue Customs commitment Putting things right Customers with particular needs WTC1 1 This leaflet explains what Child Tax Credit and Working Tax Credit are who can get them and how to make a claim. Introduction Child Tax Credit and Working Tax Credit help to support families with children and working people on low incomes. Child Tax Credit supports families with children and young persons aged from 16 but under 20 years old. You can claim whether or not you are in work. All families with children with income of up to 58 000 a year or up to 66 000 a year if there is a child under one year old can claim the credit in the same way. Working Tax Credit supports working people whether employed or self-employed on low incomes by topping up earnings. Child Tax Credit and Working Tax Credit do not affect Child Benefit payments which we pay separately. Who can claim To qualify for tax credits you must be aged 16 or over and usually live in the United Kingdom UK - that is England Scotland Wales or Northern Ireland. The UK does not include the Channel Islands or the Isle of Man. Some people may get them even if they do not live in the UK. Phone the Helpline for more information if you don t live in the UK but you or your partner if you have one are a national of another country in the European Economic Area EEA or of Switzerland and you work in the UK are a Crown servant posted overseas or their accompanying partner are a national of an EEA Member State .

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