Archive for the ‘HMRC’ Category

The number of e-mails from fraudsters trying to take advantage of the tax credits deadline has surged, according to HM Revenue and Customs (HMRC).

Full story is at the following link:

http://www.bbc.co.uk/news/business-13792074

If you’ve received an Annual Declaration form

You should provide the information for in the Annual Declaration as quickly as possible, and definitely no later than 31 July. Your renewal pack will tell you if you have a different deadline.

The earlier you renew, the sooner the Tax Credit Office can make sure:

  • they paid you the correct amount for the last tax year
  • that you are getting the right amount of money for the coming tax year

A tax year runs from 6 April one year to 5 April the next.

If you delay renewing, you could be paid too much tax credits (an ‘overpayment’) that you have to pay back. This could build up the longer you leave it before renewing.

For more information, click on the following link

http://www.hmrc.gov.uk/taxcredits/keep-up-to-date/renew-claim/deadlines.htm#2