All Tax Credits renewal packs should now have been received.
The deadline for renewing is 31 July 2013 but the sooner you renew, the sooner the Tax Credit office can calculate your payments for the year.
If you have received an Annual Declaration form, you must complete and return it by 31 July otherwise your payments will stop and you may be asked to repay some money.
Even if you don’t have your actual income figures for the 2012/13 tax year you must provide estimated figures and then give details of your actual income by 31 January 2014.
If you have been sent an Annual Review notice only, you don’t need to renew. Your claim will be renewed automatically. You must, however, contact the Tax Credit helpline if there have been any changes in your circumstances.
It is important to let Tax Credits know immediately of any changes – such as working hours; income; living and family arrangements etc. Otherwise you risk being overpaid and having to pay back surplus tax credits.
Full guidance on Tax Credits is available on the HMRC website via the link below. Please give us a call if you have any other queries.
http://www.hmrc.gov.uk/taxcredits/index.htm