HMRC warns Britons payments may be stopped as thousands yet to renew tax credits
HMRC assists individuals in dealing with their tax affairs every day, but also issues important payments such as tax credits. Each year, Britons in receipt of tax credits will need to renew their claim to continue receiving the sum to which they are entitled. There is only a month left for individuals to renew their tax credits claim as the deadline falls on July 31.
Therefore, action is needed for people to get their affairs in order ahead of time, with HMRC stating 440,000 tax credit customers are still yet to renew their claim.
Over 2.5million annual tax credit review packs were posted out to customers between late April and early June.
Some individuals will have received an ‘auto-renewal’ reminder, while others got a ‘reply required’ notice.
The latter group will need to renew their claims, or reach out to HMRC to inform them of any changes to circumstances.
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