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.
1 The difference between deductions, exemptions, and credits, 2  Itemized deductions vs. the standard deduction, 3  Several money-saving deductions and credits and how to make sure you qualify for them, 4  Click here to see the full list.