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Tax Credits Renewals - 2014

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Comments

  • zagfles
    zagfles Posts: 21,503 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Chutzpah Haggler
    Lots of people. If you read through the thread there are others in the same position.

    You have been given the correct advice, all renewals will be issued by end of June. This is the same as the last few years, it is not an error.
    There's clearly some sort of problem at HMRC. The timetable in the opening post of this thread was on the HMRC website about a month ago but has now disappeared. So they've abandoned their initial timetable and now just telling everyone end of June.
  • SaLoGo
    SaLoGo Posts: 1,025 Forumite
    Part of the Furniture Combo Breaker
    I had an extra payment go in then my normal payment went in but was £50 less than normal but I've had no renewal and my income only change but a few hundred quid. Tried calling them but after 10 minutes of getting through their menus and listening to their ramblings I was told "sorry we can't deal with your call. Good bye." Charming!!
    :beer: Been smoke free for 4 years!! :beer:
  • zagfles
    zagfles Posts: 21,503 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Chutzpah Haggler
    The timetable was only ever a guideline. This is the first time they even had a timetable. Before it was "end of June" and people accepted this.
    Nope - they had one last year:

    http://webarchive.nationalarchives.gov.uk/20130503222640/http://www.hmrc.gov.uk/taxcredits/keep-up-to-date/renew-claim/why-renew.htm#4

    Come to think of it - that timetable looks exactly the same as this year's except the year!
  • janey70
    janey70 Posts: 294 Forumite
    Part of the Furniture 100 Posts
    SaLoGo wrote: »
    I had an extra payment go in then my normal payment went in but was £50 less than normal but I've had no renewal and my income only change but a few hundred quid. Tried calling them but after 10 minutes of getting through their menus and listening to their ramblings I was told "sorry we can't deal with your call. Good bye." Charming!!

    This has also happened to me I just my bank and noticed a extra payment from tax credits for about £7 less of what I usually get and also no changes in ccircumstances
  • janey70 wrote: »
    This has also happened to me I just my bank and noticed a extra payment from tax credits for about £7 less of what I usually get and also no changes in ccircumstances

    My payments went down too by £18 per month. Even though my circumstances haven't changed. I earned about £800 more but am now getting around £400 less in tax credits
  • double_mummy
    double_mummy Posts: 3,989 Forumite
    1,000 Posts Combo Breaker
    still havent got my pack getting worried going to try and give them a call tomorrow
    The only people I have to answer to are my beautiful babies aged 8 and 5
  • Fergie42
    Fergie42 Posts: 184 Forumite
    Stoptober Survivor
    If you estimate your income as £11,400 your tax credits will be calculated on £6400 as they disregard the first £5000 of an income increase. You'll still get full WTC and CTC.

    I understand it is difficult with a new business but you should be aware that tax credits are starting to look into claims more where someone is self employed but declaring a zero profit as they are then not working in expectation of payment.

    But more info on it here - http://www.hmrc.gov.uk/manuals/tcmanual/TCM0126260.htm

    Hi
    We haven't made a proft for the last 3 years due to losses carried forward for accounting purposes etc. Hubby giving it 1 more year and then maybe looking for something else. We rely on the tax credits to keep going. When are they starting to look into claims on self-employment losses/zero profit. We had a compliance check last year because I deducted the loss but they said they were happy enough about that.
    Thanks :)
  • FRESTER
    FRESTER Posts: 383 Forumite
    Fergie42 wrote: »
    Hi
    We haven't made a proft for the last 3 years due to losses carried forward for accounting purposes etc. Hubby giving it 1 more year and then maybe looking for something else. We rely on the tax credits to keep going. When are they starting to look into claims on self-employment losses/zero profit. We had a compliance check last year because I deducted the loss but they said they were happy enough about that.
    Thanks :)

    There is no telling when they will look at your claim for a compliance check.
    My wife is self employed and she had a check a couple of years ago I think.They were having a look at loads of self employed claims at the time because the forum was full of people worrying about them.
    Ours was probably because she works over 30 hours but that tax year didn't make much profit.
    We haven't had one since but they were mostly checking the hours you worked were as declared.It came back fine :)
  • Fergie42
    Fergie42 Posts: 184 Forumite
    Stoptober Survivor
    FRESTER wrote: »
    There is no telling when they will look at your claim for a compliance check.
    My wife is self employed and she had a check a couple of years ago I think.They were having a look at loads of self employed claims at the time because the forum was full of people worrying about them.
    Ours was probably because she works over 30 hours but that tax year didn't make much profit.
    We haven't had one since but they were mostly checking the hours you worked were as declared.It came back fine :)

    Hi Frester
    Thanks for that. We had a compliance check too last year and not heard anything else but with BlondBubbles saying they are starting to look at more of them I wondered if we would get picked up again. It's just the hassle more than anything else. Cheers
  • jonnyboy82
    jonnyboy82 Posts: 202 Forumite
    our pack was sent 27th but still not received ?


    anyone got theres which was sent on the same day as ours ?


    thanks
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