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Where Taxpayers and Advisers Meet
Nearly 1 Million Tax Credits Claimants May Lose Benefit if They Don’t Renew in Time
24/07/2014, by HM Revenue & Customs, Tax News - HMRC Administration, Practice and Methods
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With the tax credits renewal deadline just one week away, HM Revenue and Customs (HMRC) is reminding claimants to renew or face losing their payments.

More than 865,000 claimants have still not yet renewed their tax credits. They have until 31 July to do so, or their payments might end. Last year more than 650,000 people failed to renew on time.

This year, for the first time, claimants can renew online at Renew Your Tax Credits Online, as well as being able to renew by post and phone. ( 0345 300 3900 )

HMRC recently published a list of reasons given for missing the deadline, including “I didn’t need the money because I’d met a rich bloke, but he dumped me”, “my dog ate the form” and “the form was locked in the boot of my car, and then my car caught fire”.

Nick Lodge, Director, General of Benefits and Credits, HMRC, said

“Time is running out for people to renew their tax credits, or they risk losing their money.

The majority of people can renew online this year, which is quick, easy and can be done at a time of day to suit them.

However they choose to renew, the most important thing is to do it before 31 July.”

HMRC asks all claimants to check the accuracy of the information in their renewals pack, and to tell the department about any changes to their circumstances that they haven’t already reported, such as to working hours, childcare costs or pay.

About The Author

HM Revenue & Customs is the UK's primary taxing authority, responsible for the administration (and collection) of direct and indirect taxes and duties, and certain benefits.

For further information please visit the HMRC Website and in particular the About Us section.

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