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*COVID-19 update: Many of our shops and offices are now open for face to face meetings with strict social distancing measures in place. We also offer telephone and video consultations for all new clients in order to discuss your needs. Find the latest COVID-19 information available for your business.

Tax Credit estimates

I submitted my Tax Credit forms with my estimated income for the year - I have now completed my tax return but do I need to tell Tax Credit Office?

Yes, it will be necessary to call Tax Credit Office or use HMRC’s online service to inform them of your actual figures - and this needs to be done by 31st January.

Although your tax credits would continue if the January deadline is not met, the amount you receive from 6th April may not be accurate. This could mean that you have been overpaid and result in you having to pay back at a later date, with the possibility of also receiving a penalty.

If you require any help with your accounts, tax return or Tax Credits, please feel free to contact us on 020 8883 5258 or enquire online here

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020 8883 5258

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