Tax Credits Renewal Reminder

Tax Credits Renewal Reminder.

Tax credits must be renewed by 31 July 2015. If you do receive tax credits and you have not removed them your payments will cease.

Renewal packs for tax credits on usually issued from the start of the new tax year in April. For some claimants they may not receive their pack until the end of April, May or even June. If you have not received your tax credit renewal pack by 30 June i.e. in eight days time, you should contact the tax credits helpline.

The two simplest ways to contact the tax credits helpline are:

• Telephone: 0345 300 3900
• Online: https://www.gov.uk/renewtaxcredits

Tax Credits Clawback Warning

Clearly, the current tax year has already started and many people will already be in receipt of this year's tax credits. If you fail to renew your tax credit entitlement, HMRC will be obliged to ask you to refund all tax credits that they have paid to you in the current tax year.

If you are not entitled to tax credits then you should tell HMRC as soon as possible and refund any payments received.

If you are entitled to tax credits and you miss the deadline of 31 July, HMRC will still potentially ask for a refund of tax credits paid and you will be required to complete a full tax credit application claim again rather than the simpler renewal format.

Renew Tax Credits Now

Our advice is simple, if you have received your renewal pack take action this week. If you have not received your renewal pack contact the tax credits helpline today!