![[UK] Renew your UK Tax Credits by the 31st of July 2019](http://globalpayrollassociation.com/cdn/shop/articles/bigstock-Hour-glass-and-calendar-concep-216610957_1200x.jpg?v=1564152129)
HMRC issued a press release on the 24th of July 2019 urging individuals who had not already done so to renew their tax credits before the 31st of July deadline.
Failing to renew means that the tax credits will stop and individuals may have to repay any credits that they have been paid since the start of the tax year. This is because payments from the 6th of April are deemed “provisional” ones and accurate credits can only be calculated upon renewal. The deadline for this is the 31st of July 2019.
It is particularly important that individuals make a claim to renew their tax credit payments this year. This is because tax credits have been replaced by the Universal Credit in most cases. So, if the existing tax credit is not renewed by the 31st of July 2019, not only will people see their payment stop and have to repay the provisional amount, an application will have to be made for Universal Credit.
We point out some guidance that may be useful for individuals (and employers who may want to point this out to their employees):
- uk “How to renew tax credits”
- uk “Manage your tax credits” (using the online Tax Credits service)
- uk “Help and support with tax credits” (videos and webinars)
Global Payroll Association Comment
The 31st of July 2019 deadline is really important for individuals with the prospect that payments will stop and cannot be restarted. A new claim will have to be submitted for Universal Credit instead. This may mean that the credit payment is different.
With stability in payments being important for individuals, we urge people to renew their claim before it is too late.
HMRC issued a press release on the 24th of July 2019 urging individuals who had not already done so to renew their tax credits before the 31st of July deadline.
Failing to renew means that the tax credits will stop and individuals may have to repay any credits that they have been paid since the start of the tax year. This is because payments from the 6th of April are deemed “provisional” ones and accurate credits can only be calculated upon renewal. The deadline for this is the 31st of July 2019.
It is particularly important that individuals make a claim to renew their tax credit payments this year. This is because tax credits have been replaced by the Universal Credit in most cases. So, if the existing tax credit is not renewed by the 31st of July 2019, not only will people see their payment stop and have to repay the provisional amount, an application will have to be made for Universal Credit.
We point out some guidance that may be useful for individuals (and employers who may want to point this out to their employees):
- uk “How to renew tax credits”
- uk “Manage your tax credits” (using the online Tax Credits service)
- uk “Help and support with tax credits” (videos and webinars)
Global Payroll Association Comment
The 31st of July 2019 deadline is really important for individuals with the prospect that payments will stop and cannot be restarted. A new claim will have to be submitted for Universal Credit instead. This may mean that the credit payment is different.
With stability in payments being important for individuals, we urge people to renew their claim before it is too late.
