Time is running out to renew your tax credits – just one week to go

photo credit: Images_of_Money via photopin cc

With just one week to go before the deadline, the HMRC has warned that 960,000 households still haven’t renewed their tax credits and face having their payments stopped.

Last year 410,000 households in the UK had their tax credit payments stopped because they missed the deadline and failed to inform the HMRC about changes to their circumstances

Changes in circumstances may include the number of hours you work, changes in income, childcare costs, and an older child leaving home or entering further education.

Tax credits usually stop when your child turns 16, but this can continue for children under 20 moving into approved education, training or registered with a careers service.

The process of renewing your tax credits is now easier and more accessible than ever. People can easily renew their tax credits online and track the process of their renewal. An email confirmation will be sent once you’ve completed your renewal.

Rachel McLean, HMRC’s interim Director General of Customer Services, said: “We’ve made some really helpful improvements this year to our online and app services to support our customers.

“We know life can be hectic so the start and stop feature allows customers to begin and complete their renewal on a day and time convenient for them.

“It’s fantastic that 32,000 have used our app and 733,000 customers have already renewed their tax credits online.

“I urge customers who have yet to renew their tax credits to do so as soon as possible, thereby avoiding having their payments stopped.

“The 31 July deadline is fast approaching.”

Renew your tax credits