GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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20:47 Jun 6, 2009 |
Serbo-Croat to English translations [PRO] Law/Patents - Law (general) / law | |||||||
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| Selected response from: Milena Chkripeska North Macedonia Local time: 09:42 | ||||||
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Summary of answers provided | ||||
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4 +7 | tax credit |
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tax credit Explanation: The term tax credit describes two different concepts: * The first is a recognition of partial payment already made towards taxes due. * The second is a state benefit paid to workers through the tax system, which has the effect of increasing (rather than reducing) net income. (http://en.wikipedia.org/wiki/Tax_credit) -------------------------------------------------- Note added at 9 mins (2009-06-06 20:56:51 GMT) -------------------------------------------------- http://www.direct.gov.uk/en/MoneyTaxAndBenefits/TaxCreditsan... -------------------------------------------------- Note added at 9 mins (2009-06-06 20:57:12 GMT) -------------------------------------------------- Tax credits are payments from the government. If you're responsible for at least one child or young person who normally lives with you, you may qualify for Child Tax Credit. If you work, but earn low wages, you may qualify for Working Tax Credit. -------------------------------------------------- Note added at 10 mins (2009-06-06 20:58:01 GMT) -------------------------------------------------- http://www.taxcredits.inlandrevenue.gov.uk/Qualify/WhatAreTa... |
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