Individuals who were claiming tax credits for 2012-13 should be receiving a “Renewing your tax credits – Getting it right” pack.
It is vital that you complete the Annual Review form for the year ended 5 April 2013 and send it to the Tax Credits Office (TCO) Preston before 31 July 2013. Failure to do this will result in your tax credit payments being stopped and you may have to pay money back.
Claimants should note:
- If you are self-employed, or if your other joint income details for 2012-13 are not available by 31 July 2013, you can submit estimated figures. Actual figures must be submitted by 31 January 2014.
- Once your income is reported to the TCO they will send you a revised award notice.
It is possible to call TCO and advise them of changes. The help line is 0345 300 3900. You can also use this number to chase up your renewal pack if not received by 28 June.
Contact David Crossley
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David K Crossley CTA, ATT
Member of the Chartered Institute of Taxation