tax credit under payment

granville14

Hi, we are a couple of weeks away from discharge of bankruptcy (hurray!), no ipa. For the last year we have been receiving child tax credit based on last tax years figures. I have just worked out that we have earned much less this year and based on what we have earned should be also getting working tax credit. Obviously coming to end of tax year can't do much now, but when we do renewalafter April , I am certain we will receive a back payment. We will be discharged. Will I declare this after discharge? Because it was what we should have been getting whilst bankrupt so could have changed our soa? Struggling to find any info on it anywhere, hoping someone can help? Many thanks.

debt_doctor

Hi,
An IPA only comes in to payment when you have actually received the income that brought about the IPA. The tax credits system works a year in arrears, and there is no requirement for you to interfere with that, although you could choose to do so.
You have chosen not to. That's ok.
DD