working families tax credit


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Related to working families tax credit: Working Families Tax Relief Act of 2004

working families tax credit (WFTC)

a fiscal measure introduced in the UK in 1999 which provides financial assistance to low income parents who work. The basic rate is payable for an adult with one child who works a minimum of 16 hours per week, with higher rates being payable the more children and the more hours worked.

The WFTC replaces Family Credit – a benefit paid by the Department for Work and Pensions – and is paid by the Inland Revenue through the tax system. Like the NEW DEAL initiative, the WFTC is part of the government's attempt to ‘reward’ people for working as a means of reducing the level of UNEMPLOYMENT.

working families tax credit (WFTC)

a fiscal measure introduced in the UK in 1999 that guarantees a minimum level of income to low-income families who work. The WFTC replaces Family Credit - a benefit that was paid by the Department of Social Security - and is paid by the Inland Revenue through the tax system. Like the NEW DEAL initiative, the WFTC is part of the government's attempt to ‘reward’ people for working as a means of reducing the level of UNEMPLOYMENT.
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The Working Families Tax Credit, introduced in October 1999, ensures that a two-parent family receives an income of more than 200 [pounds sterling] a week if one parent is working for at least 30 hours.
Complicated tax credit processes prompt smaller firms to sack staff
Tax Credits - Your Questions Answered, available free from the TUC's know your rights line 0870 600 4 882, tells lower paid workers about their entitlements to the Working Families Tax Credit and the Disabled Person's Tax Credit and how to apply for them.
TUC LAUNCHES LEAFLET ON TAX CREDITS
There are two principles underlying the Working Families Tax Credit.
The working families tax credit
Labour is proud to have introduced working families tax credits because they've helped parents back into work.
Thatcher era created culture of benefit dependency, says study
Mum-of-four Jane received the family's last pounds 160 weekly Working Families Tax Credit payment on April 7.
Credit cash crisis
The childcare tax credit in Working Families Tax Credit pays 70 per cent of childcare costs up to pounds 135 a week for one child and pounds 200 a week for two or more children for eligible families.
A guide for parents
So the new Children's Tax Credit will build on the rises in universal child benefit, the Working Families Tax Credit and will be a tax cut for 400,000 Scottish families .
Brown's pounds 500 tax cut for families; EXCLUSIVE
MATERNITY LEAVE: Mothers on maternity leave will qualify for Working Families Tax Credit.
SM Money: NEVER-NEVER BUDGET; We help you work out if and when you'll be better off
His pounds 5 billion Working Families Tax Credit will guarantee them at least pounds 200 a week or pounds 10,000 a year.
CRACKDOWN ON WORKSHY KIDS
If you receive Working Families Tax Credit, you can claim up to 80 per cent of the cost of approved childcare.
Your MONEY: Finding a nursery isn't child's play for mums; CASHPOINT
If this woman really wants to work she could get any help she needs by claiming working families tax credit and child tax credit.
Your view: Work it out
Working Families Tax Credit, the Minimum Wage, the Child Trust Fund, record increases in child benefit and free breakfasts for primary school children.
Family-friendly Labour

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