29
Jun
Tax credits renewal deadline
Tax credits are state benefits which are generally available to
lower income families. However, entitlement to the credits is
significantly increased where individuals pay for childcare or
suffer a drop in normal levels of income perhaps due to incurring
trading losses or redundancy.
Individuals who have already claimed tax credits for 2008/09
have to finalise their provisional award, which would have
originally been based on their 2007/08 income, and advise HMRC of
any changes in their circumstances for 2008/09. This procedure is
known as the renewals process. The deadline for the submission of
tax credit renewals is 31 July 2009.
HMRC have been busily advertising the renewals process in the
national press and on their website. Claimants need to be aware
that the payment of tax credits will stop at the end of July if
they have not renewed their applications by that date.
If you need any help with the completion of your form or any
advice on tax credits generally please do get in touch.
Internet link:
HMRC tax credit renewals
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