Tax Helpsheets
Back to HelpsheetsUniversal Tax Credit
With effect from April 2025, Universal Credit will replace Child Tax Credits and Working Tax Credits. It does not replace Child Benefit.
This helpsheet looks at Universal Tax Credit.
The Universal Tax Credit is a key part of the Government's welfare policy. These tax credits have nothing to do with the tax system. They are not refunds or credits of tax but are simply benefits administered by DWP.
For what is a relatively simple idea, the whole calculation of Universal Tax Credit can be extremely complex.
Universal Tax Credit (UC)
The monthly rates for 2025/26 are available here
Child Benefit
Anyone who is responsible for caring for a child can claim a monthly child benefit payment. Due to a tax called the High-income child benefit charge, once one parent earns £60,000 or above, the benefit is reduced. If one parent earns above £80k, you have to pay back the entire entitlement. However, it is not means-tested.
How We Can Help You
We can assist you with making your claim for child tax credit and working tax credit, protective claims and checking any claims you are receiving.
Tax Checklist
Our tax busting checklist is designed to cover all of the common (and a few obscure) legal ways of saving tax. Of course this is a checklist and before implementing any specific ideas you must discuss them with us as everyone’s individual circumstances are different.
The checklist is designed to cover most of the routine items that the small and medium size business owner should be looking out for. There are often more ideas that a pro-active accountant can come up with so please talk to us about your own personal circumstances.
The checklist should take no more than 20 minutes to complete. You can then arrange to meet with us in person to go through any areas where tax saving opportunities have possibly been identified.
Download our Tax-Busting Checklist 2018-19
Personal Tax Organiser
Use our FREE personal tax organiser to organise all your personal tax papers to make completion of your end of year personal tax return easy.
Download our Personal Tax Organiser 2018-19
Download our Personal Tax Organiser 2017-18
Download our Personal Tax Organiser 2016-17
Download our Personal Tax Organiser 2015-16