Have you renewed your tax credits online?

HMRC are urging people to renew tax credits online well before the 31 July deadline.

HMRC have made improvements to the online renewal service and recommend claimants renew their claim online once they receive their renewal pack, which is issued between April and June. The online service can now accommodate all changes in circumstances (working hours, childcare costs or income), which affect the amount of someone’s entitlement.

If you miss the renewal deadline your tax credits payments will stop. You’ll be sent a statement and will have to pay back the tax credits you’ve been given since 6 April 2017.

Nick Lodge, HMRC’s Director General, Benefits and Credits, said:

‘Our online service means that you can renew at any time of the day or night, and on any device, without having to call us. Online help can also answer most queries you may have and a web chat facility will be available to support people renewing online. We urge everyone who can to go online.

Our customers should check their details and renew early to ensure they get the right money. The sooner people renew their claim, the sooner we can check payments are correct, meaning we avoid paying too little money, or too much, which claimants then have to pay back.‘

This year, claimants renewing online will be able to access further information, including viewing their next payment, through their own online Personal Tax Account.

In order to renew your tax credits claim online, you will need:

  • Government Gateway account – if you don’t already have an account, you’ll get one when you sign in to the service
  • a permanent National Insurance number

Signing in will also activate your personal tax account – you can use this to check and manage your HM Revenue and Customs records.

Renewing your tax credits

When you use this service to renew your tax credits after you’ve received your renewal pack in the post. You’ll need:

  • your National Insurance number
  • details about any changes to your circumstances
  • you and your partner’s total income for the last tax year

If you don’t get your renewal pack by 26 June 2017, call the tax credits helpline.

If you need help in preparing your self employed profit figures for your tax credit claim then please email info@figurefairy.com for a free no obligation quote.