Category: Tax Credits

Tax fraud warning for employment agencies and employers

HMRC is aware that businesses are being approached by organisations offering models which falsely claim to be able to reduce employment costs through ‘tax credits’ offset from third party businesses they have acquired. HMRC considers these arrangements tax evasion. HMRC is aware that businesses are being approached by organisations offering models which falsely claim to be able to reduce … Continue reading Tax fraud warning for employment agencies and employers →

Six months to move from Tax Credit to Universal Credit 

DWP is urging Tax Credit claimants to respond to their Universal Credit migration notices so they continue to receive benefits. Tax credits are closing in April 2025 and claimants must respond to their migration notices to continue receiving benefits. Those affected have three months from the date on their migration notice to apply for Universal … Continue reading Six months to move from Tax Credit to Universal Credit  →

Time to renew for tax credits

Tax credits claimants are due to receive their renewal notice from 2nd May. Around 730,000 tax credits claimants will start receiving their annual renewal notices from this week. HM Revenue and Customs (HMRC) said claimants will receive them between 2nd May and 19th June 2024. The vast majority will be automatically renewed. Notices with a … Continue reading Time to renew for tax credits →

£146 million in bonus payments for Help to Save

HMRC encourages sign up to Help to Save, the government savings scheme, after revealing savers shared £146 million in bonus payments. Help to Save account holders have received £146 million in bonus payments since the scheme launched in September 2018 and HM Revenue and Customs (HMRC) is urging individuals to take advantage of the generous … Continue reading £146 million in bonus payments for Help to Save →

Cost of Living payment dates

Millions of households across the UK will receive £300 directly from the Department for Work and Pensions (DWP) between 31st October and 19th November. Millions of households to receive £300 from DWP between 31st October and 19th November 2023 This is the second of 3 payments totalling up to £900 supporting eligible people on means-tested … Continue reading Cost of Living payment dates →

Tax Credits are ending

Tax credits are coming to an end, and most people will need to apply for Universal Credit instead. You won’t be moved automatically, so it’s important to act quickly, otherwise your benefits will stop, you will need to claim Universal Credit by the deadline Apply for Universal Credit Universal Credit is the replacement benefits system … Continue reading Tax Credits are ending →

Not renewed you tax credit claim? You have less than a week until the deadline!

The deadline for tax credits customers to renew their claim is on 31st July. HM Revenue and Customs have indicated that mote than 171,350 tax credits claimants have until 31st July 2023 to renew their annual claim and is urging them to not miss out. Claimants who received a renewal pack with a red line … Continue reading Not renewed you tax credit claim? You have less than a week until the deadline! →

Help to Save extended to April 2025

Please share this message with your networks, to help raise awareness of the Help to Save scheme with those who may be eligible The governments’ Help to Save scheme for those on low incomes, has been extended until April 2025. The scheme offers a bonus of 50p for every £1 saved. Savers can deposit between … Continue reading Help to Save extended to April 2025 →

Tax credits – 1.5 million renewal packs

HM Revenue and Customs (HMRC) is to issue 1.5 million annual tax credits renewal packs for the 2023 to 2024 tax year between 2nd May and 15th June 2023. Claimants will have until 31st July 2023 to check the information is correct and notify HMRC of any changes to their circumstances which may affect their … Continue reading Tax credits – 1.5 million renewal packs →

Want to check your tax code?

Now we are in the new tax year, it may be a suitable time to check your tax code. Millions of employees are probably not on the tax code that is appropriate to them. If your annual earnings are under £100,000, then you are likely to be entitled to an amount of free pay of … Continue reading Want to check your tax code? →

Families claiming tax credits to receive second Cost of Living Payment from 23rd November 2022

Tax credits only customers will receive their second Cost of Living payment from 23rd November 2022. More than one million claimant families receiving tax credits, and no other means-tested benefits, will get their second Cost of Living Payment from Wednesday 23rd November 2022, HM Revenue and Customs (HMRC) has confirmed. This £324 government payment will … Continue reading Families claiming tax credits to receive second Cost of Living Payment from 23rd November 2022 →

Over eight million households to receive second Cost of Living Payment from 8th November 2022

The £324 Cost of Living Payment, which follows on from a £326 payment made from July, is part of £1,200 support package for millions this year The £150 Disability Cost of Living Payment was provided in September, with a £300 additional pensioner payment to come in the Winter Millions of households across the UK will … Continue reading Over eight million households to receive second Cost of Living Payment from 8th November 2022 →

Benefits and credits to be paid early ahead of Her Majesty Queen Elizabeth II’s State Funeral

The government has confirmed that payments of benefits normally due in accounts on Monday 19th September 2022 will be made early. Those expecting to receive benefits and credits on Monday 19th September 2022 will be paid early Benefits and credits will be paid on Friday 16th September 2022, the last working day before the recently … Continue reading Benefits and credits to be paid early ahead of Her Majesty Queen Elizabeth II’s State Funeral →

More than 33,600 tax credits customers use HMRC app to renew

More than 33,600 have successfully used the HMRC app to renew their tax credits claim so far this year, a 39% increase on last year. Tax credits are there to help working families with targeted financial support, so And it is important that claimants act to renew before the 31st July 2022 deadline to ensure … Continue reading More than 33,600 tax credits customers use HMRC app to renew →

One in four families get first government Cost of Living Payment

Almost one in four families across England, Wales, Scotland and Northern Ireland will get £326 sent directly to them, with the second instalment of £324 sent later this year as part of a £37 billion support package. £326 – the first of two cost of living payments – will automatically hit seven million bank accounts … Continue reading One in four families get first government Cost of Living Payment →

2.1 million tax credits packs issued

About 2.1 million tax credits claimants will begin to receive their annual renewal packs from HM Revenue and Customs (HMRC). The packs will be sent between 25th April and 27th May 2022, and claimants have until 31st July 2022 to check their details are and update HMRC if there has been a change in circumstances. … Continue reading 2.1 million tax credits packs issued →

Move of claimants to Universal Credit to restart

The government outlines plans to resume helping claimants move to Universal Credit by end of 2024Universal Credit supported millions during the pandemic All benefit claimants will be moved over to Universal Credit by the end of 2024, the Department for Work and Pensions announced. The restart follows a pause to the process during the pandemic … Continue reading Move of claimants to Universal Credit to restart →

Time or running out for claimants with post office card accounts

Around 24,000 HMRC claimants with a Post Office card account have just three weeks left to update with new payment details before the 30th November 2021 deadline, or risk having payments paused. From 1st December 2021, HMRC will stop making tax credits, Child Benefit and Guardian’s Allowance payments to Post Office card accounts. HMRC is … Continue reading Time or running out for claimants with post office card accounts →

Self Assessment countdown begins

There are 100 days to go until the deadline for online tax returns on 31st January 2022. Last year, 96% of customers completed their tax return online. HM Revenue and Customs (HMRC) is reminding Self Assessment filers that on Sunday 24th October, they have one week left to submit paper tax returns and 100 days … Continue reading Self Assessment countdown begins →

Time is running out for tax credits and Child Benefit customers with Post Office card accounts

HMRC urge tax credits and Child Benefits customers with Post Office card accounts to update HMRC with their new bank account details by 30th November 2021. From 1st December 2021, HM Revenue and Customs (HMRC) will stop making payments of Child Benefit, Guardian’s Allowance and tax credits into Post Office card accounts. If this is … Continue reading Time is running out for tax credits and Child Benefit customers with Post Office card accounts →

Working Tax Credit claimants must report changes to working hours

HMRC is urging Working Tax Credit customers to check if they need to update their working hours if these have reduced as a result of coronavirus. During the pandemic, Working Tax Credit customers have not needed to tell HMRC about temporary short-term reductions in their working hours as a result of coronavirus - for example … Continue reading Working Tax Credit claimants must report changes to working hours →

Treasury Direction – HMRC to make payments under the Coronavirus support scheme: working households receiving tax credits (Extension).

The purpose of this treasury direction extension is to provide a support payment of £500 to persons entitled to working tax credit for a period which included 2nd March 2021, but who did not qualify to receive the original support payment under the initial direction. Further Treasury Direction made under Section 76 of the Coronavirus … Continue reading Treasury Direction – HMRC to make payments under the Coronavirus support scheme: working households receiving tax credits (Extension). →

Act quickly to get your tax credits reinstated

The Low Incomes Tax Reform Group (LITRG) is urging people who missed the 31 July tax credits renewals deadline to contact HMRC urgently to restart their tax credit payments. Meeting the 31 July deadline was crucial for those who were told to contact HMRC to renew their tax credits. HMRC stop tax credit payments to … Continue reading Act quickly to get your tax credits reinstated →

440,000 tax credits customers still to renew claims

HM Revenue and Customs (HMRC) is reminding 440,000 tax credits customers they have one month left to renew their tax credits claims ahead of the 31st July 2021 deadline. More than 2.5 million annual tax credits review packs were posted to customers between late April and early June. Customers will have either received an ‘auto-renewal’ … Continue reading 440,000 tax credits customers still to renew claims →

Tax credit claimants working reduced hours

HMRC have confirmed that ‘Tax credits claimants who are temporarily working fewer hours due to COVID-19 will continue to be treated as working their normal hours until the Job Support Scheme closes, even if they're not using the Scheme’. The Job Support Scheme policy paper states: Working Tax Credits Employees whose hours reduce due to … Continue reading Tax credit claimants working reduced hours →

Tax credits claimants will continue to receive payments even if working fewer hours due to COVID-19

If you claim tax credits and have returned to work after being furloughed but are still temporarily not working your normal hours due to COVID 19 you do not need to tell HMRC. They will continue to use the information they already have until 31st October 2020. Those working reduced hours due to coronavirus or … Continue reading Tax credits claimants will continue to receive payments even if working fewer hours due to COVID-19 →

New payment for people self-isolating in highest risk areas

People on low incomes who need to self-isolate and are unable to work from home in areas with high incidence of COVID-19 will benefit from a new government payment scheme. Government to implement new payment for people on low incomes in areas with high rates of COVID-19, who need to self-isolate and can’t work from … Continue reading New payment for people self-isolating in highest risk areas →

Claiming tax credits and being flexible-furloughed?

If you claim tax credits and have returned to work after being furloughed but are still temporarily not working your normal hours due to COVID 19 you do not need to tell the HMRC tax credits office. They will continue to use the information they already have and treat claimants as working their normal hours … Continue reading Claiming tax credits and being flexible-furloughed? →

Support for working families affected by coronavirus (COVID-19) given an extra boost

Working parents eligible for Tax-Free Childcare or 30 hours free childcare who have temporarily fallen below the minimum income requirement due to COVID19 will continue to receive financial support until 31st October 2020. Also, Critical workers exceed the income threshold for the 2020 to 2021 tax year as a result of working more to play … Continue reading Support for working families affected by coronavirus (COVID-19) given an extra boost →

ACT NOW – Tax Credit renewal deadline imminent

Don’t loose out. Claimants whose circumstances have changed in the last year or who have received a letter to reconfirm their income details must contact HMRC before 31 July. Tax credits claimants have this week left to tell HM Revenue and Customs (HMRC) about changes to their circumstances or income before the deadline on 31 … Continue reading ACT NOW – Tax Credit renewal deadline imminent →

Tax credits renewal – check your income – deadline 31st July 2020

If you’ve received a letter about Tax Credits, you have until 31 July to check your income details. This is to ensure you have been paid the correct amount. For help on how to calculate your income or how to renew use the following buttons: Work out your income for tax credit claims How to … Continue reading Tax credits renewal – check your income – deadline 31st July 2020 →