24th July 2014
With the tax credits renewal deadline just around the corner – at just one week away – the taxman is urging claimants to renew fast or face losing their payments.
Last year more than 650,000 people failed to renew on time and to date more than 865,000 claimants have still not yet renewed their tax credits. They now have until 31 July to do so, or their payments might end.
HMRC recently published a list of reasons given for missing the deadline, including classics, such as: “I didn’t need the money because I’d met a rich bloke, but he dumped me”, “my dog ate the form” and “the form was locked in the boot of my car, and then my car caught fire”.
Nick Lodge, director general of benefits and credits, HMRC, said: “Time is running out for people to renew their tax credits, or they risk losing their money.
“The majority of people can renew online this year, which is quick, easy and can be done at a time of day to suit them. However they choose to renew, the most important thing is to do it before 31 July.”
Working Tax Credit and Child Tax Credit are benefits, from HMRC. The former is available to people responsible for a child or young person, who have income below a certain amount while the latter, Working Tax Credit is a payment to top up earnings of people working on low incomes, including those that do not have children.
If you are renewing your claim, ensure the accuracy of the information in the renewals pack, and explain any changes to circumstances, such as to working hours, childcare costs or pay.