Renew you tax credit. What's that about?

Question

Hi everynone,

I hope you can help me with advice.

There is this commercial rolling on TV - renew you tax credit with HM Revenue or you payments will stop - DO it by July 31st. I assume this is targeted to everyone, otherwise it would not be on TV.

My questions are:

Does this require me to take any action? Do I have to download some form online and volunteer info on my earnings? Does my employer do that automatically?

I looked up online in HM Revenue website, but they just say - renwe or your payments will stop and you may need to pay us.

What the heck doe sthat mean?

I am a bit new in UK, so this confusses me a bit. Please, any clarification of this lot.

Thank you

Answer 1

You get Tax Credits in the UK if you have at least one child and have a household income of less than 52,000 p.a.

You may also get it if you have no children and work over 30 hours per week (16 if you are disabled) and have a household income of less than 11,500 pa and you are aged over 25.

If you are getting Tax Credits they will send you a renewal form for you to verify that your personal details are correct and accurate

Answer 2

if you are claiming either working tax credits or family tax credits. then it means you have until the 31 of jul to get your renewel form in. if not than any tax credits will be stopped

to see if you are able to claim either of these goto the following web site. hmrc.gov.uk

hope that this clarifys things abit

Answer 3

If you were getting tax credits you would have received a renewall form in the post.  You haven't got one so don't worry about it.

Answer 4

If you have children and earn less than 30,000 a year you can claim child tax credits from the goverment and if you earn the minimum wage you can also collect working tax credits ,you can collect the child tax credits even if you don't work try going on to their web site for more info direct.gov.uk