Tax Reclaim - you could get £500

[NickyTwoHats]

Not a scam I did this today.

Apologies if posted elsewhere.

There's a tax refund available for people with a child born between April 6 1986 and 5 April 2003.
NOT means tested.

Call the tax office on 0845 302 1460 - check you're eligible - you probably will be.

If yes.

Go to www.hmrc.gov.uk/forms/11ctc.pdf and download the form.

Do this before 31 Jan.

N2H

[Bee_Jay]

It IS Means Tested...

£1 is removed from the benefit for every £15 you earned into the 40% tax bracket.

Edited by Bee_Jay on Friday 16th January 22:22

[whirligig]

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

[Simpo Two]

Frankly I'm a bit miffed that I have to pay for other people's children.

[xiphias]

Simpo Two said:

Frankly I'm a bit miffed that I have to pay for other people's children.

I suspect other peoples children will be a bit miffed to pay your pension!

[Simpo Two]

xiphias said:

Simpo Two said:

Frankly I'm a bit miffed that I have to pay for other people's children.

I suspect other peoples children will be a bit miffed to pay your pension!

Don't worry, the OAP will be worth £0 by the time I get there, and as for a private pension, I pay it. Although the funds are now taxed, of course, to pay for other people's bloody children, bah!

[Bee_Jay]

And other people's children will be the ones running the country and looking after you when you are living on your old age pension (and managing the fund...)

P.S. - I am paying far to much tax, get nothing from the state in handouts and have to fund my own children...

[Simpo Two]

Bee_Jay said:

And other people's children will be the ones running the country

Now that IS worrying. They can't even spell and all they know about is global warming, Big Brother and texts...




Where can I hide?

Edited by Simpo Two on Friday 16th January 22:37

[Steamer]

Simpo Two said:

Frankly I'm a bit miffed that I have to pay for other people's children.

.....just dont think about all the fat arse, 'I walk with a stick - so I can't work' types that you are paying for as well

[Bee_Jay]

Simpo Two said:

Bee_Jay said:

And other people's children will be the ones running the country

Now that IS worrying. They can't even spell and all they know about is global warming, Big Brother and texts...




Where can I hide?

Edited by Simpo Two on Friday 16th January 22:37

[Eric Mc]

Are they just reminding people about the Child Tax Credit? This IS definitely means tested (as are all the myriad and stupidly complicated Tax Credits).

[turbobloke]

Eric Mc said:

Are they just reminding people about the Child Tax Credit? This IS definitely means tested (as are all the myriad and stupidly complicated Tax Credits).

Wouldn't that means test have to be applied in a back-dated manner, to a claimnat's circumstances when the payment should have been made? I think it applies to the year before or during the introduction of CTC, when there may have been a hiccup in the system. Hopefully as somebody providing accountancy services you know more than me who pays for them!

[turbobloke]

swerni said:

turbobloke said:

Eric Mc said:

Are they just reminding people about the Child Tax Credit? This IS definitely means tested (as are all the myriad and stupidly complicated Tax Credits).

Wouldn't that means test have to be applied in a back-dated manner, to a claimnat's circumstances when the payment should have been made?

I you are PAYE you would have already had it.

Not PAYE, so not had anything from the tax people for over fifteen years, except grief.

[Eric Mc]

I try to avoid ANYTHING to do with Tax Credits. In fact, even though the word "tax" is included in the title, they have absolutely nothing to do with the tax system, apart from being (mis)managed by HMRC.

[turbobloke]

Eric Mc said:

I try to avoid ANYTHING to do with Tax Credits. In fact, even though the word "tax" is included in the title, they have absolutely nothing to do with the tax system, apart from being (mis)managed by HMRC.

Fully understood. My accountant has never stopped cursing eejit Brown's foolishness over how CTC were (mis)managed during birth and after being put under the auspices of HMRC.

[King Herald]

xiphias said:

Simpo Two said:

Frankly I'm a bit miffed that I have to pay for other people's children.

I suspect other peoples children will be a bit miffed to pay your pension!

[NickyTwoHats]

Balls,

It is means tested. If you earned more han £49K then you'll be "tapered out" and not get anything...

Ho hum.

[Loaf]

NickyTwoHats said:

Balls,

It is means tested. If you earned more han £49K then you'll be "tapered out" and not get anything...

Ho hum.

If your missus earns less than that she may be able to claim it instead. Worth an ask, shirley?

[Eric Mc]

This turns out to be the Childrens Tax Credit (not Child Tax Credit) that was in place for a brief moment just before the Tax Credit system was introduced.

It was in place for just the tax years 2001/02 and 2002/03 and was a genuine old fashioned additional tax allowance you could claim if you had at least one child up to the age of 16 in that tax year. Because of the general six year Statute of Limitations rules for making allowance claims, the last chance to make this particular claim is 31 January 2009.

Child Tax Credit replaced Children's Tax Credit in tax year 2003/04 and is totally different. It is nothing to do with tax relief and is, in reality, a means tested benefit. For political purposes, Gordon Brown decided that the expression "means tested benefit" would not be good (even if it was accurate) and replaced it with the misleading term "Tax Credit".

[964Cup]

Loaf said:

NickyTwoHats said:

Balls,

It is means tested. If you earned more han £49K then you'll be "tapered out" and not get anything...

Ho hum.

If your missus earns less than that she may be able to claim it instead. Worth an ask, shirley?

Nope. Higher-earning partner has to claim. Benefit is reduced by £1 for every £15 earned above the higher-earnings threshold, as others have pointed out. At £7.5k earned above threshold, it reduces to zero. In 2002/3, that equates to an income of £42,015.