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WTC Question
kerry87_2
Posts: 263 Forumite
in Cutting tax
Hi,
I normally get £21.00 per week for my WTC this was reduced to £17.00 per week as it was getting closer to my renewal.
When the system updates (been advised up to 6 weeks) will I get the extra £4 's I have losing out on per week since they reduced it?
Thanks in advance
I normally get £21.00 per week for my WTC this was reduced to £17.00 per week as it was getting closer to my renewal.
When the system updates (been advised up to 6 weeks) will I get the extra £4 's I have losing out on per week since they reduced it?
Thanks in advance
0
Comments
-
If you renew (any time of the year is possible despite their warnings), it will be updated.
If the HMRC refuse to do a renewal mid-year, they'll wait until the end of the financial year (April 6th) before they re-asses whats happened and pay you in a lump sum. SOME times, they spread it, which is 99% of cases.
If the decide otherwise, that 'unpaid amount' will be spread over the next year in your usual payments.
I've had the same, and because I'm opening a company, spanked every penny I had on it, I'm literally living off of WTC. I sou;d have preferred a lump payment, but they won't do that. So I'd hang tight if I were you.0
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