In 2001 the Government introduced the Children's Tax Credit, a
fore-runner to the current Child Tax Credit system. For the following
two tax years (2001-2002 and 2002-2003) tax relief for people with
children was given as a tax reduction in their tax codes. We have found
that the Revenue did not always know who to give the money to and
subsequently many people may have missed out.
How Much Is It Worth?
In each tax year you may claim around £520. In the 02-03 tax
year if you had a baby you can claim twice the annual amount of
£1049. The maximum refund is over £1500.
Do I Qualify?
- you have at least 1 child that was under 16 at the start of the 02 or
03 tax year; and
- they lived with you for at least part of the tax year; and this
applies whether
- you are married, co-habiting with your partner or a single parent,
and
- you have not yet received the tax relief (check your 01-02 and 02-03
tax codes if they start with a 6 and 7 respectively and end with the
letter 'H' then you probably have had the money); and that
- either you or your partner earned over £6,000 in one or
both of the tax years in question
Please note: This claim will not effect any tax credits
that you are currently receiving.
What to do now? Simply download your claim form from here, fill it in and send it back to the freepost address included. Don't forget ... no refund, no fee. You have nothing to lose, and cash to gain!!!