Tax Credits Renewal Alert! Around 730,000 tax credit customers will receive annual renewal notices from 2 May. Most claims will be automatically renewed, but those receiving a notice with a red stripe need to renew by 31 July to avoid payment disruptions.
Key Points:
- Tax Credit Renewal: Tax credit customers are due to receive their renewal notices starting from 2 May 2024.
- Automatic Renewal: Most claims will be automatically renewed. Notices with a black stripe indicate automatic renewal.
- Action Required: Notices with a red stripe require customers to renew their claim. Less than 10,000 customers need to check their information and renew by 31 July 2024.
- Risk of Non-Renewal: Failure to renew may result in stopped payments and the need to repay any overpayments.
- Renewal Process: The quickest and easiest way to renew tax credits is via the official website or the HMRC app.
- Important Changes: Customers must report changes such as relationship status, children leaving home, or a change in working hours.
- End of Tax Credits: Tax credits will end on 5 April 2025 and will be replaced by Universal Credit.
- Beware of Scams: Customers should be cautious of scams and report any suspicious contact.
