HM Revenue and Customs (HMRC) oversees quite a few issues on the subject of tax, with tax credits a key priority. Those that are claiming tax credits might want to renew these by the date shown on their renewal pack.
For those people, this date is July 31, 2022, leaving just over a month to sort out the matter.
HMRC has warned Britons who miss the deadline that their “tax credit payments will stop”.
Its website adds: “You’ll be sent an announcement and may have to pay back the tax credits you’ve received since April 6, 2022.”
If HMRC stops payments, individuals is not going to find a way to make a latest claim for tax credits.
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So long as the main points are correct, individuals is not going to must take any further motion for his or her credits to be robotically renewed.
Individuals can renew their tax credits either online, by phone or by post.
They’ll, nevertheless, must have certain information at hand with a view to make a successful renewal.
Firstly, details about any changes to private circumstances will likely be required.
These should be accompanied by details a couple of person and their partners total income for the last tax 12 months – April 6, 2021 to April 5, 2022.
Those that are yet to receive a renewal pack should contact HMRC as soon as possible.
The Revenue has also warned people to stay looking out as scammers are looking for to make the most of the upcoming deadline.
Typical scams include phone calls threatening arrest if people don’t immediately pay fictitious tax owed.
Myrtle Lloyd, Director General for Customer Services at HMRC, said: “We’re urging all of our customers to be really careful in the event that they are contacted out of the blue by someone asking for money or bank details.
“There are lots of scams on the market where fraudsters are calling, texting or emailing customers claiming to be from HMRC.
“If you’ve gotten any doubts, we recommend you don’t reply directly, and call us immediately.
“Search GOV.UK for our ‘scams checklist’ and to seek out out ‘how one can report tax scams’.”