Keep everything you need close to hand when making the phone call â your UCAS Track number; a handy list of your grades, including your GCSEs; your personal statement; and the universityâs UCAS number, plus also its clearing code. Make notes as you go along.
A tax credit reduces the income tax you pay, while a deduction reduces the amount of your income that is subject to income tax.rom a practical perspective, both tax credits and deductions reduce your tax. The difference between credits and tax deductions centers around their process, not their effect.
The Deduction is the amount that is allowable to be deducted from the income for tax purposes. It is important for a taxpayer to know that there are two different types of tax deduction, an itemized deduction and a standard deduction. The amount of itemized and the standard deduction is not always the same.