Tax credit renewals

Written by yasiradnan94
2 June 2021

All tax credit claimants should have received their renewal pack by 4 June 2021. If you have not received your renewal pack you should contact HMRC on 0345 300 3900.

You can renew your claim online at www.gov.uk/renewing-your-tax-credits-claim.

If your income has reduced permanently due to the Covid-19 pandemic, check that your income details in the tax credit pack are correct.

If your income has fallen temporarily as a result of Covid-19, perhaps because you were furloughed, you do not have to report this. HMRC will treat your tax credit claim as if you have been working your normal hours while on furlough.

Other changes in your personal life should be reported as they may affect your tax credit claim. For example a change in your living arrangements or a change in your childcare costs will generally need to be included.

Self-employed individuals who claim tax credits should include in their claim any grants received from the Government under the Eat Out to Help Out scheme; Self-Employed Income Support Scheme; retail, leisure or hospitality grants; and small business rates grants. You do not have to include a Test and Trace Support payment (which came in the form of a one-off lump sum of £500).

Your tax credits claim must be renewed by 31 July 2021 so you may need to include some estimated figures. If you need any guidance or figures get in touch with us as soon as possible.

VAT Fraud & The Risks to Your Business

In the world of VAT, a business can be unaware of a fraud in the supply chain and still be regarded as a fraudster.

Holiday Pay Changes

If you engage part time workers, or staff who work irregular hours, on permanent contracts you need to be aware of new rules.

MTD simplification

A dramatic simplification of the MTD processes to be introduced – no EOPS; cumulative submissions each quarter; and restrictions.

Related Posts

Making Tax Digital: quarterly update returns

Making Tax Digital: quarterly update returns

HMRC has confirmed the mandation dates for making tax digital for income tax self assessment (MTD SA) as announced in the Autumn Statement 2023. From April 2026, taxpayers subject to income tax on their trade, profession, property income or business and who have...

We use contact information you provide to us to contact you about our relevant content, products, and services. You may unsubscribe from these communications at any time. For information, check out our Privacy Policy.