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It's only a little, but thanks a lot! (3)

Ross

I believe the answer is:

tad

I'm a little stuck... Click here to teach me more about this clue!

'it's only a little' is the definition.
I can't judge whether this defines the answer.

'thanks a lot' is the wordplay.
'thanks' becomes 'ta' (UK informal version of 'thank you').
'a lot' becomes 'd' ().
'ta'+'d'='TAD'

'but' acts as a link.

Can you help me to learn more?

(Other definitions for tad that I've seen before include "Smidgen" , "Modest amount" , "(A) bit, touch" , "Slight amount" , "little boy" .)

I've seen this clue in the Evening Standard.
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