In 2010–11, public finances continue to be dominated by the aftermath of the global financial crisis and recession, with a pressing need to cut government borrowing.
If you are working and have a low income or if you have children (in which case you do not need to be working and can have a fairly substantial income), you may be eligible for tax credits.
Income paid out by trusts and other forms of settlement in 2009–10 comes with a tax credit which reflects the amount of tax already deducted from it or deemed to have been paid on it.
Remember to renew claims for tax credits by July 31st of this year.
HMRC has issued its 'top tips' for those looking to claim tax credits.
1. If you don't get your pack by 30 June, contact the Tax Credit Helpline.
HMRC has warned that claimants have until the 31st July to renew their tax credit claims.
There are several criteria - such as low income - for different kinds of tax credits. Read this to see what you could claim.
As the 31 July deadline approaches, here are the last minute need-to-know facts about tax credits.