The LITRG is urging people to contact HMRC if they have missed the tax credits renewals deadline – the sooner people contact HMRC, the sooner they can get their tax credit payments re-started.
HMRC will begin shortly to terminate the tax credit payments of people who were required to reply and who missed the deadline and send them a Statement of Account.
This will tell them that HMRC has stopped their payments and also ask for all of the tax credits paid since the start of the 2019/20 tax year (that is, from 6 April 2019) to be paid back.
Head of LITRG (Low Incomes Tax Reform Group) Victoria Todd, said, “We urge people to contact HMRC as soon as possible if they have missed the 31 July deadline.
“If HMRC have stopped their payments, provided they contact HMRC within 30 days of the date on their Statement of Account and renew, HMRC will process the renewal and reinstate their 2019/20 claim back to 6 April 2019.
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Email Jaime“If someone is self-employed and does not yet have final details for the 2018/19 tax year they must give an estimate and then either confirm the estimate, or file actual figures, by 31st January 2020.”
If someone misses this 30-day deadline, they can only renew and secure their annual entitlement for 2019/20 if they complete their renewal by 31st January 2020 and can satisfy HMRC that they had ‘good cause’ for missing both the 31st July deadline and the extra 30-day deadline.
Todd added, “The interactions between the roll-out of universal credit and tax credits are complicated. If a claimant misses the additional deadlines, we advise that they get some welfare rights advice as soon as possible and before they submit a claim for UC so they can fully understand their position and options for next steps.”
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