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There has been a sharp rise in debt problems caused by tax credit overpayments, Citizens Advice has said. The charity says that in the year to March there was a 14% increase in the numbers getting into financial difficulty, as a result of having to
The Work and Pensions Committee warned that gaps in the system could also increase the number of self-employed people working for "cash in hand". But the government said its reforms were expected to cut losses due to fraud by £1bn over the next five
UK, (May 02, 2014) - Working Tax Credits helps individuals who are eligible to receive the money from the government. People who get benefits from this facility now feel comfortable and happiness. They get money depending on the amount of
Most people can obtain the working tax credit perks when they are eligible in accordance with the standards made available from federal government. If they wish to inquire with regards to the eligible conditions, they can contact utilize the
Hundreds of thousands of people will receive automatic fines at the end of the month for failing to submit their tax return before a deadline...Penalties start at £100 but can build up to hundreds of pounds if forms are not submitted and tax unpaid.
6 February 2014 22 shares 28 View comments Work and Pensions Secretary Iain Duncan has faced mounting criticism about the introduction of Universal Credit The government's flagship benefits overhaul is costing £225,000 per person to introduce, new
9 January 2014 0 View comments Welfare reform minister Lord Freud Ministers insisted it is 'not right' that people on welfare had higher incomes than the average working family The benefits cap has been imposed on 33,000 households receiving more
Personal finance Video The Globe and Mail Editorial cartoon There is, in fact, a stronger association between father and son earnings in more unequal countries, such as the United States and Britain, than in many other countries, including Canada.
The two three-year-olds and one-year-old have all been put forward along with their mothers to fight a test case at the High Court. All three families live in London and say the high cost of living in the capital means the benefit cap could leave
Parents earning over 50,000 who have not opted out of child benefit could face a massive tax bill including a fine Up to 350,000 better-off parents who have not opted out of Child Benefit could be landed with a bill for hundreds of pounds in