April 2003
The current tax credits system was introduced in April 2003 and is radically different to its predecessors. The current replaced Children’s Tax Credit, Working Families Tax Credit, Disabled Person’s Tax Credit and elements of the New Deal 50+.
Can you still apply for Working Tax Credit?
Universal Credit has replaced tax credits for most people. If you already get Child Tax Credits, you can still add Working Tax Credits to your claim. If you made a claim for Working Tax Credits in the last tax year, you might be able to make a new claim.
When do you have to pay tax when starting a new job?
It is important to make sure that your tax is dealt with properly from the start and that your new employer deducts the right amount of tax from your pay. You should tell Revenue as soon as possible after you accept a job offer, or you may have to pay emergency tax (see more below).
Why did you choose a career in tax?
Careers in tax also provide a stable career path: unlike the ups and downs of some other parts of finance, jobs in tax are relatively secure. 2011 also saw a string of announcements for positive growth within leading accountancy firms, many increasing their graduate intake on last year’s figures.
Is it good to work in tax industry?
Tax sometimes gets a rough deal. It’s battling a rather rotten (and inaccurate!) stereotype of being a bit of a dreary career path. In reality, the modern tax industry offer loads of dynamic career opportunities. So don’t be put off by the hear-say! Here are just five reasons to work in tax…
What kind of tax credits can you claim when you start a new job?
Everyone can claim a personal tax credit for example, and you can also claim relief for items such as the Single Person Child Carer Credit. When you have registered the details of your new job, Revenue will send your employer a tax credit certificate showing the tax credits that your employer deducts from your tax bill.
