Missed the Tax Credits renewal deadline

Your Tax Credits renewal forms should have been sent to HMRC by 31^st July. As a result, the Tax Credits Office is likely to:

• Stop your tax credits payments; and then
• Send you a statement showing you whether you have been paid too much or not enough in tax credits.

Putting off your renewal could prolong over or underpayments, so you must get your renewal information to the Tax Credits Office as quickly as possible after 5^th April.

Fortunately, you have provided the information within 30 days of the deadline though. Had you failed to do that, you would have had to reapply for Tax Credits.

If you are struggling to keep on top of your Tax Credit affairs, your local TaxAssist Accountant could manage them for you. Please feel free to contact us for more information or your free initial consultation.

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Date published 1 Aug 2013

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.