If you receive Tax Credits, these normally need to be renewed each year.
However, you may be sent a letter from HMRC stating that the Tax Credits will be renewed automatically. In this case, there is no action required so long as the details are correct.
You are only able to renew your Tax Credits when you have a Renewal Pack from HMRC. These Renewal Packs are currently in the process of being distributed and should be delivered by 30th June.
Unless you started claiming Tax Credits after 6th April this year, if you have not received the Renewal Pack by then, you need to call the Tax Credit Helpline on 0345 300 3900.
If your Renewal Pack contains an Annual Declaration and there are no changes to report, you can usually renew online at https://www.gov.uk/renewtaxcredits.
For this, you will need:
– Your National Insurance number.
– your 15 digit ‘Tax Credits Renewal number’ found on the bottom right of your Annual Declaration.
– your total income (including your partner’s, if applicable) for the last tax year.
– the details of the benefits you or your partner received in the last tax year.
You are unable to renew online if code on the bottom left of your declaration is ‘TC 603 D 2’.
If you are unable to renew online, you can either call the Tax Credit Helpline or post the completed form to:
HM Revenue and Customs Tax Credits, Comben House, Farriers Way, Netherton, L75 1WB
The standard deadline for submitting the renewal is 31st July but this will be confirmed in your Renewal Pack. If this deadline is missed there is a risk that the Tax Credits will stop.
The Tax Credit Office will send you an Award Notice within eight weeks of receipt of your renewal detailing the amount of Tax Credits that you will be due.
If you are unsure of your situation, please contact welcome@cooperfaure.co.uk to arrange an initial free consultation.