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.
Qualifying for and claiming the child tax credit can reduce any tax you owe to zero. Unlike tax deductions which reduce your taxable income, tax credits are subtracted from your tax liability. The amount of the child tax credit is gradually reduced as a taxpayer's income increases.