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.
Credits reduce the amount of tax you owe A tax credit works a little differently from a deduction in that it reduces the amount of tax you owe, dollar for dollar. For example, if after your deductions the tax tables say you owe $3,000, but you have $500 in tax credits, your tax liability drops to $2,500.redits reduce the amount of tax you owe A tax credit works a little differently from a deduction in that it reduces the amount of tax you owe, dollar for dollar. For example, if after your deductions the tax tables say you owe $3,000, but you have $500 in tax credits, your tax liability drops to $2,500.