HMRC asks tax credits customers to update their award

HM Revenue and Customs (HMRC) is reminding tax credits customers that they need to tell HMRC about any changes in their circumstances or income by 31 July 2020.

"Tax credits help working families with targeted financial support so it is important that people don’t miss out on money that they are entitled to," the tax authority has said. 

While most tax credit awards are expected to be renewed automatically in 2020, the self-employed, those in receipt of taxable social security benefit, or those who have other income may need to review their total household income and tell HMRC if the income held is incorrect.

"During these uncertain times, while the UK comes together to combat COVID-19, tax credits payments are a vital source of support for millions of people and their families," said HMRC's director general for customer services, Angela MacDonald. 

"If you have been contacted by HMRC to provide your income details, I urge you to contact the department before 31 July. Don’t leave it too late, get in touch and make sure the information we hold is correct."

Customers are also being reminded that if information HMRC holds is incorrect or incomplete, they may have to pay back any tax credits that have been overpaid. A penalty may also be imposed. 

According to the HMRC, renewing tax credits online is quick and easy. Customers are being invited to log onto GOV.UK to check the progress of their renewal, be reassured that it’s being processed, and know when they will hear back from HMRC.