Reclaim historical tax credit error
Hi, I've likely made an error on my child tax credit claims 3 / 4 years ago. I had a 4 yr fixed rate savings bond in which interest was paid annually but compounded and was only accessed when the bond recently matured. I've just found out that the interest is taxed in the year of maturity, not annually. That's ok (allbeit a bit annoying), but I've realised that I included the interest from yrs 1 and 2 in my income calculation for my child tax credits claims in those years. I think that cost me a few hundred pounds a year in child tax credits (due to the 40p reductionin award per £1 of additional income). It would be nice to get this back!
Does anyone have any experience of correcting past claims? Is it even possible? Or by accepting the awards in those years have I now lost my ability to resubmit my income?
Thanks very much.
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