Tax Credits Service

The money you have coming in (income) affects how much Working Tax Credit you get. Savings do not affect your claim unless the income from them is more than £300. If DNS look after your Tax Credits, we ensure that your earnings stay below the threshold so that you are able to receive Working Tax Credits, and if you have children, the Child Tax Credit too. DNS can also help your company claim Child Care Vouchers.

WCTC comes in the form of a payment to your designated bank or building society account. Working Tax Credit is paid for a year but it is very important to let HMRC know about changes in your life that could affect the money you get.

WCTC is made up of different parts, based on your personal circumstances. For example, you get one part if you have a disability and another part if you are paying for childcare. The amount you get also depends on your annual income.

You must let DNS know about anything that might affect your claim because we must let HMRC know. If DNS already do your accounts for you, we will plan throughout the year to ensure that your income stays below the threshold allowed for WCTC.

The Amount you receive is based on your earnings and circumstances, for instance if you live with a spouse or partner, and whether you have children. When we have worked out what you are likely to receive we will inform you of what you are likely to expect.

You may be able to get WCTC but DNS would need to discuss your personal circumstances with you before we can give you a definitive answer. However, your spouse or partner may be eligible, but we would look at all the possibilities on your behalf as British/settled spouse/civil partners may claim WCTC and Child Benefit on behalf of his or her family if they are entitled to this under the DWP legislation.

Certainly, DNS will make the claim on your behalf. If we already do your accounts for you we will have built in a strategy to monitor your eligibility for WCTC as part of our tax-planning. If we don’t look after your accounts, we would need to ask you for all the paperwork necessary to complete the form for you.

When you have sent us back the signed WCTC form DNS will send it to the appropriate department at HMRC. They will process the form and then issue a WCTC Awards Notice, which you will be asked to check. Providing there are no errors on the form, you need do nothing, but you must notify DNS immediately if there is an error on it, or if there is a change in your circumstances throughout the year, such as a lodger or another adult that earns an income moving into your home.

DNS will help you from start to finish with your application for WCTC. We will get the form, fill it in with all the figures, and even file it for you. We will also renew once a year on your behalf and providing you inform us we will inform HMRC of any changes to your circumstances.

Once you have received your WCTC Award Notice, you can start to expect a payment into your designated bank account. The application for WCTC allows you to designate a date for payments and a chosen bank or building society to have your money paid into.

It is very important to renew your Tax Credits by 31 July each year. If you fail to do so, it will affect your claim and your payments may stop altogether. You will be sent a Renewal form in May or June, which DNS will fill in for you. Or you can renew on the WCTC helpline phone number.

You must declare “other income” on your WCTC form but only if it’s over £300. DNS will look at all your savings and investments and advise you on this, but WCTC are based on your income not your wealth.

The HMRC website provides all the information you need about Tax Credits. You can also telephone DNS or email us and we will help you all we can.