Over payment tax credit

Mcdonalds_3

Hi Need help plz, I stopped paing my child care since marc this year, but I havent notefy the tax credit office yet so still getting pay for that. Im soo scared I want to tell them but I DONT KNOW how do I start to explain to them. I have been struglyng alot,and I still am, single mother with two kids, work 16hrs, pay my own rent and everything. This is killing me, I need Urgent help,some one pls!! advice

DX2

Mcdonalds wrote: »

Hi Need help plz, I stopped paing my child care since marc this year, but I havent notefy the tax credit office yet so still getting pay for that. Im soo scared I want to tell them but I DONT KNOW how do I start to explain to them. I have been struglyng alot,and I still am, single mother with two kids, work 16hrs, pay my own rent and everything. This is killing me, I need Urgent help,some one pls!! advice

Pick phone up and call, do it sooner rather than later before the hole gets bigger.

themonkeybutler

If you wait to be found out (and it WILL happen), it will be much worse than tellling them yourself now. 3 months late will look careless, much longer will look simply fraudulent.

Mcdonalds_3

Thanx ever soomuch. You dont know how that helleped.
What possible worce thing that will happen to me if anyone knows. Do I just call and say that I stopped paying my child care since march? or what do I say?? I cant sleep over this thing,I will be happier as soon as they know.

themonkeybutler

Very simply, give them a call, tell them the date it ended, and they will amend your claim there and then. Because you will have volunteered the information, the matter wont go any further. However, you are likely to have an overpayment. This will reduce your entitlement for this year (eg, your award is £3000, youre overpaid £500, so you will only be entitled to £2500 this year instead). As a result, your regular payments will drop slightly. Dependant upon your circumstances, the overpayment may be taken back in one year, or may continue over to the next too if it would mean too big a drop in your payments

So long as you let them know now, you will be absolutely fine so stop worrying!

mitchaa

Surely yet another troll post from someone with far too much time on their hands? :wall:

I'm really sure you would have signed up to a moneysaving site, just to inform us that you have been committing fraud for the last 3mths.

It's not an English lesson but be Jesus:eek: Surely put on for effect though.

themonkeybutler

mitchaa wrote: »

Surely yet another troll post from someone with far too much time on their hands? :wall:

I'm really sure you would have signed up to a moneysaving site, just to inform us that you have been committing fraud for the last 3mths.

It's not an English lesson but be Jesus:eek: Surely put on for effect though.

Unless its a blatant trolling (which this isnt), why not give people the benefit of the doubt?

Deepmistrust

Mcdonalds wrote: »

Hi Need help plz, I stopped paing my child care since marc this year, but I havent notefy the tax credit office yet so still getting pay for that. Im soo scared I want to tell them but I DONT KNOW how do I start to explain to them. I have been struglyng alot,and I still am, single mother with two kids, work 16hrs, pay my own rent and everything. This is killing me, I need Urgent help,some one pls!! advice

I think the overpayment will possibly be less that you expect. I'm pretty certain that when you advice them of the date your childcare ended, you still are awarded the childcare element for a following 4 weeks.

Don't ask me why, but that is what they do. Perhaps someone else can confirm this, but I'm pretty sure.

DX2

Mcdonalds wrote: »

Thanx ever soomuch. You dont know how that helleped.
What possible worce thing that will happen to me if anyone knows. Do I just call and say that I stopped paying my child care since march? or what do I say?? I cant sleep over this thing,I will be happier as soon as they know.

You must tell the Tax Credit Office within one month if:

• you normally pay fixed weekly childcare costs and your actual costs go down by £10 a week or more - and the change applies in each week for four weeks in a row
• you pay the same amount every month or different amounts for childcare at different times, for example, you pay more in the school holidays than you do during term time and your new average weekly costs go down by £10 or more
• you stop paying childcare costs

If this happens, your tax credit payments are likely to go down if all your other circumstances stay the same. If you do not tell the Tax Credit Office within one month, you may be building up an overpayment which you may have to pay back. You might also have to pay a penalty of up to £300.
http://www.hmrc.gov.uk/taxcredits/keep-up-to-date/changes-affect/family-change/change-childcare.htm