When claiming tax credits you are required to complete a renewal each year. If you claim tax credits you should have received your renewal between 19 April 2013 and 28 June 2013 and this may consist of an annual review, annual review notice and annual declaration form. The tax credits office need to have received your tax credit renewal by 31 July 2013, otherwise your claim maybe terminated and you may have to pay back some or all of the tax credits you have received since April 2012.
The renewal checks that you are receiving the correct amount of tax credits by confirming your personal circumstances and that your claim is based on the correct income figures. Calculating the income figure can be very complex especially if you are self employed, so seeking advice could be to your advantage.
The tax credits deadline is fast approaching so if you need help completing your tax credits renewal pack, please do not hesitate to contact us without delay on 01228 711 888.
Posted: July 15th, 2013