What to pay and when. Your local council will send you a business rates bill in February or March each year. This is for the following tax year. You can also estimate your business rates bill. You might be able to pay your business rates bill in 12 instalments. Contact your local council to find out more.
Amount-With the Child Tax Credit, you may be able to reduce your federal income tax by up to $1,000 for each qualifying child under the age of 17. Qualification-A qualifying child for this credit is someone who meets the qualifying criteria of six tests: age, relationship, support, dependent, citizenship, and residence.
Child Tax Credit and income thresholds. If youâre getting Child Tax Credit and your annual household income is Â£16,105 or below, youâll get the maximum amount for each Child Tax Credit element you qualify for. This is called the income threshold. Anything you earn above that will reduce the amount of tax credits you can get.