HM Revenue and Customs is reminding customers that they must renew their tax credits by the end of the month. If you’re affected, we explain how you can do this.
Millions of people are now being warned they must renew their tax credits by 31 July to continue receiving their payments.
What’s this story about?
HMRC has said that parents who receive tax credits and people who claim the working benefit have until 31 July to renew their applications.
Tax credits are designed to support working families with lower incomes. The credits are typically paid to parents or guardians who work between 16-24 hours a week and are paid regularly into their bank accounts. The payments then stop after 31 August once the child turns 16.
While these tax credits have been largely replaced by Universal Credit, it has been said that there are still around 2 million people in the UK who need to renew their application.
How does this affect you?
If you still receive the tax credits, you now have until 31 July to renew your application. If you don’t renew, your payments could be stopped – and you might even have to repay any money you’ve received since April.
Luckily, it’s simple to renew your application. Angela MacDonald, Director General for Customer Services at HMRC, said:
"We know that customers lead busy lives, which is why our online services are available day and night. Customers can complete their tax credits renewals at a time convenient to them. Renewing on time is vital to ensure that their payments don’t stop."
If you need to renew your tax credits, you can do it by: