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.
A tax deduction is an item the government lets you write off of your taxes to lower your taxable income. Deductions usually only apply if you itemize your deductions rather than taking the standard deduction. The first key concept with tax deductions is how taking a deduction lowers your taxes.You don't get a dollar off of taxes for every dollar spent.eductions usually only apply if you itemize your deductions rather than taking the standard deduction. The first key concept with tax deductions is how taking a deduction lowers your taxes. You don't get a dollar off of taxes for every dollar spent.