No future

Icequeen99

Childcare for tax credits is based on estimates, and unlike with income figures, HMRC cannot use actual figures instead of estimates providing the estimates were done correctly.

So if you have estimated correctly, and revised your figure at the appropriate times, then even if you claimed more than you actually paid it doesn't mean there is an overpayment.

IMO, HMRC are wrong to ask for a tax year worth of receipts because that presumes actual figures when in fact the legislation doesn't require that.

IQ

herestothefuture

Thankyou IQ, should I say this in my letter to them. I hope I have a nice compliance officer who appreciates mistakes happen.

xylophone

Loving, committed parents are more important than holidays in Disneyland
so do stop worrying on that score.

You were asked for estimates (which you gave) and now have final figures so you just provide them as requested.

With regard to a brother or sister for your daughter, as you say, the opportunity will not be there for ever- have you calculated whether with the assistance of tax credits, child benefit etc it might yet be possible?

http://www.nhs.uk/conditions/pregnancy-and-baby/pages/maternity-paternity-leave-benefits.aspx

Take several deep breaths and be kind to yourself.

Icequeen99

herestothefuture wrote: »

Thankyou IQ, should I say this in my letter to them. I hope I have a nice compliance officer who appreciates mistakes happen.

You can try, I suspect they might disagree in the first instance. Your overpayment probably won't be too much with the £7 difference, if it was a lot more I would suggest people take it to appeal as it is an issue that needs to be borne out at an independent Tribunal.

IQ

herestothefuture

Thankyou for your kind comments.

Just worried that I can't find how I calculated it but I remember doing it and thought it was right but it's not and they are going to ask me how but I honestly cannot remember. I just hope that they say okay but you need to pay back but as said mind whirring and feel my life on hold now and going to be stressing until it is sorted

herestothefuture

Again thank you IQ, sorry to keep bombarding you. There will also be overpayment due to salary being more - I keep reading about some kind of disregard, will this have any bearing on my problems

Icequeen99

herestothefuture wrote: »

Again thank you IQ, sorry to keep bombarding you. There will also be overpayment due to salary being more - I keep reading about some kind of disregard, will this have any bearing on my problems

The disregard only helps if they know about the income. It might lessen the overpayment though. It really depends on 10/11, 11/12 and 12/13 actual income figures. HMRC might not be able to go back and change 11/12 now anyway.

IQ

leese2504

I was in this position when i renewed for 2009/2010 I had calculated my childcare to be more than what it ended up being, I sent off the proof of childcare as requested and my award was finalised (I did have a slight overpayment which was deducted off my 2010/2011 award due to the childcare difference being more than £10.00 per week) but i was not penalised for my estimates being incorrect. So imo you have nothing to worry about whatsoever with regards to the childcare side nor do you need to provide TC with an explanation as to why you got the estimates incorrect. As to the self employed side i cant help you on that sorry.

shedboy94

Icequeen99 wrote: »

Childcare for tax credits is based on estimates, and unlike with income figures, HMRC cannot use actual figures instead of estimates providing the estimates were done correctly.

So if you have estimated correctly, and revised your figure at the appropriate times, then even if you claimed more than you actually paid it doesn't mean there is an overpayment.

IMO, HMRC are wrong to ask for a tax year worth of receipts because that presumes actual figures when in fact the legislation doesn't require that.

IQ

Where does it say that childcare should be estimates? The childcare costs provided should be what is being paid, and if those costs change then you need to inform the change

http://www.hmrc.gov.uk/taxcredits/start/claiming/claim-children/childcare-costs.htm