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ib and child tax credits

  • Ricardo
13 years 9 months ago #20083 by Ricardo
Replied by Ricardo on topic Re:ib and child tax credits
oops system went wrong and posted incomplete reply.

Link as above HERE
Because of the way Tax credits is worked out (either on the previous or the current years income whichever is the lesser figure (within £25K)) Then it may be that there is no overpayment .

You do need calculations done by an advice agency ...take all income docs and HMRC letters with you .


Rich

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  • Jim Allison BSc, Inst LE, MBIM; MA (Consumer Protection & Social Welfare Law)
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13 years 9 months ago #20085 by Jim Allison BSc, Inst LE, MBIM; MA (Consumer Protection & Social Welfare Law)
Replied by Jim Allison BSc, Inst LE, MBIM; MA (Consumer Protection & Social Welfare Law) on topic Re:ib and child tax credits
Thanks Rich :)

Jim

PLEASE READ THE SPOTLIGHTS AREA OF THE FORUM REGULARLY, OTHERWISE YOU MAY MISS OUT ON IMPORTANT INFORMATION. Nothing on this board constitutes legal advice - always consult a professional about specific problems

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  • helchis
  • Topic Author
13 years 9 months ago #20086 by helchis
Replied by helchis on topic Re:ib and child tax credits
hi rich
thanks for your info its a great help..child tax credits saying there is an overpayment and thats because my IB info was giving as the wrong amount that why i was concerned
thanks
again

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  • originaldave
13 years 9 months ago #20133 by originaldave
Replied by originaldave on topic Re:ib and child tax credits
helchis wrote:

hi thanks for that jim. im worried i might lose my IB because of the overpayment of child tax credit.

thanks again for your help


have you really had an overpayment or is there mention of it on the paperwork you are doing for renewal ? wait till you get the award notice and not provisional award notices

look up section 29(4) of the tax credits act for the answer on repayments and better than yougov read the tax credit manual for all info on repayments


www.hmrc.gov.uk/taxcredits/people-advise...es/manuals/index.htm

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