Tax credits: it’s time to update your award

tax credits

HMRC is asking tax credits customers to tell them about any changes in circumstances or income by 31 July. While most tax credit awards will be renewed automatically in 2020, the self-employed, those in receipt of taxable social security benefit, or those who have other income may need to review their total household income and tell HMRC if the income held is incorrect. Customers who need to respond to the annual review pack will need to do so by 31 July – or their payments may stop.

 

For more information go to: https://www.gov.uk/government/news/tax-credits-its-time-to-update-your-award