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Where Taxpayers and Advisers Meet
Deadline Looms for Tax Credits Renewal - Get Your Protective Claim In!
28/07/2011, by Lee Sharpe, Tax News - HMRC Administration, Practice and Methods
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The deadline for renewing Tax Credits is almost upon us - 31 July. Many people will have 'fallen out' of the system now that eligible income levels have been reduced, and they may decide not to renew a 'Nil Award' now that HMRC isn't doing it automatically. (See Tax Credits and the New Tax Year - Changes and Renewals)

But there is good reason for making a protective claim so that, if there are financial problems later in the tax year, your Tax Credits claim can be revised for the year, which is potentially much better than if you have to start a fresh claim (which can only be back-dated by up to 3 months).

It's worth bearing in mind that the Tax Credits Helpline will be open with extended hours over this weekend, to cater for people making claims - see Tax Credits Enquiries. Based on previous years, they are likely to be very busy but it may well be worth persevering.

About The Author

Lee is TaxationWeb's Articles & News Editor and writes for TaxationWeb. He is a Chartered Tax Adviser with experience of advising individuals and owner-managed businesses over a broad spectrum of tax matters.
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