31 July – Tax Credits Claim Deadline

Renewing your tax credit claim

Tax credits are an essential source of income for many but, with a million people still needing to renew their tax credit claim, it’s important you don’t miss the 31 July deadline. The tax credits renewal process is simple, particularly if you’re already receiving benefits of this kind, so don’t leave it until the last minute. Time flies, after all.

What do I need to do?

If you’re already a tax credits claimant then you’ve probably already been sent a renewal pack. Find it and give it a read. If it says, ‘reply now’ and has a red line across the first page, you’ll need to reply before 31 July. If it says ‘check now’ you’ll need to give your details a once over to make sure they’re still accurate. If everything looks good, that’s fine. But if your details have changed, be sure to inform HMRC. Failure to do so by the 31 July deadline could result in your payments being stopped. You could also receive a fine.

The quickest way to renew your claim and manage your tax credits is online, but you can also do it by phone or by post. You’ll need your national insurance number to hand as well as your total income (including your partner’s) for the last tax year and details of any changes in circumstance. Believe it or not, tens of thousands of people have their tax credits stopped or altered every year for failing to update HMRC about their circumstances. Everything from changes to working hours, income and childcare costs needs to be brought to their attention.

Am I Still Eligible?

In order to ensure the right people receive the correct funding, eligibility criteria exists for tax credits claimants. There are two types of tax credit – the child tax credit and working tax credit. You could be eligible for tax credits if you’re on a low income, are a disabled worker or are responsible for children. If you’re responsible for a child under 16 (or 20 if they’re in further education or training), you could be eligible for the child tax credit. You don’t need to be in work. Working tax credit is available to those working a certain number of hours each week and aged between 16 and 24 with a child, a certain disability or aged over 25 with an income below a certain level.

Where can I go for more information?

Want to know more about tax credits, including making a claim and renewing a claim? Then why not ask Amazon Alexa? HMRC has conveniently launched a customer-focused service via Alexa to help answer some of the most frequently asked questions around tax credit renewals. Ask Alexa to open HMRC and ask for direct links to information and renewals. You can also head to GOV.UK or look for @HMRCcustomers on Twitter.

If you need help with any aspect of your tax credits claim. Or want to find out if you’re eligible, speak to your accountant for professional advice.