concurrent payments allowed?

brettcta

i've been in receipt of tax credits for the last 2 months for the year 2011/12 and am due to get my renewal through for 2012/2013 soon - my income did increase from around 5,000 in 11/12 to 10,100 in 12/13

will i be able to claim both payments at the same time or am i up the creek with regards to the 11/12 payments?

zagfles

What do you mean by "both payments at the same time"? Your 11/12 payments should have been paid in 11/12, maybe with an adjustment when you did your renewal in Apr-Jun 12. Why would you expect to get any payments for 11/12 now? Presumably you were getting tax credits in 12/13 too?

brettcta

because of a townhalls in the application process, i had to apply for the 3rd time in march 2013 for the previous years tax credits (11/12). therefore, i am now in receipt of tax credits for what i earned in year 11/12 at £50/week. i am waiting for forms through to apply for tax credits for what i earned throughout tax year 12/13

i have yet to apply for 12/13.

when i do apply got 12/13, will i be able to receive 11/12 AND 12/13, or will 12/13 replace 11/12?

zagfles

I don't understand what you're saying. Normally tax credits can only be backdated a month, so if you applied in March 2013 they'll only backdate to Feb 2013. When did you first apply? Was it in the 2011/12 year and they screwed up?

Or are you confusing which year the tax credits apply to? You declare the previous year's income and they use that as a starting point but the tax credits are for the current year and the final award is based on your circumstances at the current time, though a combination of previous year and current year income.

When did you first apply and what happened?

nannytone_2

it seems that the OP is cpnfusing the fact that tax credits are based on the previous years income (11/12) with the period that they are being paid for ( 12/13)

OP... you arent being paid tax vewdita for 11/12 but for 12/13. when you renew they will look at your income for 12/13 but you will be paid for the tax year 13/14

brettcta

What I'm getting at is that I have only recently started being paid for 12/13 using 11/12's income - I've essentially gone a year without receiving anything for 12/13, having only received my first payment for 12/13 in April 2013 (forms submitted & dated march 2013)

As we're now a year on and I'll be applying for 13/14 on 12/13's income, will I be able to be in receipt of both concurrently?

nannytone_2

no.
your 12/13 payments ( based on 11/12 imcome) will be finalised, and future payments will be based on 12/13 earnings

zagfles

Tax credits can only be backdated a month, if you applied in March 2013 then it will only be backdated to Feb 2013. So you'll only get a couple of months worth of payments for 2012/13.

brettcta

zagfles wrote: »

Tax credits can only be backdated a month, if you applied in March 2013 then it will only be backdated to Feb 2013. So you'll only get a couple of months worth of payments for 2012/13.

I got around £2,600 awarded and therefore receive just over £50/week - so that'll stop? Gutted - I had plans for that wonga.

Ah well.

Icequeen99

brettcta wrote: »

What I'm getting at is that I have only recently started being paid for 12/13 using 11/12's income - I've essentially gone a year without receiving anything for 12/13, having only received my first payment for 12/13 in April 2013 (forms submitted & dated march 2013)

As we're now a year on and I'll be applying for 13/14 on 12/13's income, will I be able to be in receipt of both concurrently?

I think you are confused about how tax credits operate. When you applied in March 2013 you were in the 12/13 tax year. They paid you based on your 11/12 income.

From April 2013, your payments will continue into the 13/14 tax year. You will then receive some renewal forms. These finalise your 12/13 claim and act as a claim for the 13/14 year. Once you do this, your 13/14 payments will be confirmed and you will keep on getting paid.

You will have had your 12/13 payments, now you are getting your 13/14 payments. Why would you think you would be in receipt of both?

IQ

brettcta

I think I'm having a brain haemorrhage