The Child Tax Credit is a form of tax incentive provided to the citizens of the UK. This incentive is not affected by the tax liability of the family. The given video is presented by ‘uk-contact-numbers’ which is an online directory service in the UK. The video outlines all the necessary criterions of Child tax credit such as the eligibility and the claiming procedure.
Child tax credit can be availed for the each child in the family if he is less than 16 years of the age. If the child is above 16 and less than 20 years, then he needs to be in approved education for availing the Credit.
Applicant must be responsible for the child for whom he is seeking this credit. Being responsible means; living with them all the time or normally, or providing them with meals and the pocket money. The claim should be made up to the 31st august post their 16th birthday. The extra credit can be given if the child is disabled and certified blind.
The applicant gets a yearly amount up to £545, paid directly into his bank account. The circumstances such as income affect the paid amount. The tax Credit calculator can be used to prorate the right amount of tax credit.