working parents / 1 posts found

Are you missing out on tax credits?

by mike tombs
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There has been much commentary in recent months reminding tax payers who claim tax credits to file their renewals application before the 31 July deadline. But apparently, many applications have been made incorrectly, and as a result, claimants are not collecting the full amount to which they are entitled.   According to a recent announcement by HMRC, many parents do not realise that they need to deduct any statutory parental pay from their salary when renewing tax credits.   In more detail, HMRC advise:   Thousands of parents could be at risk of missing out on hundreds of pounds from [...]