Top 10 ridiculous excuses given for missing the tax credits renewal deadline

/ Posted By - Bradleys Accountants / Categories - Accounting for Individuals

With less than two weeks to go until the 31 July deadline for tax credit renewals, HMRC has published a list of elaborate reasons given by claimants for not renewing their tax credits on time.

Tax credits are benefits given by the state to support eligible people with children, disabled workers and workers on lower incomes. There are two types of tax credits: child tax credits and working tax credits. Some receive the former; some the latter, while a few receive both.
While the subject is a serious one, HMRC hopes that publishing a list of ridiculous excuses will urge claimants to take action and meet the July 31 deadline.

Among the most amusing reasons the following are the top 10:

    Subscribe to our newsletter

    Last year 413,197 claimants renewed their tax credits just 5 days before the deadline. The deadline is 8pm on 31 July this year and if you don’t renew on time you’ll risk losing payments.

    Director General of Benefits and Credits of HMRC, Nick Lodge, said: “So far, over 203,000 claimants have renewed online. It’s quick and easy. Renewing tax credits on time is important. People who don’t renew by the deadline can, and do, lose their payments.”

    Get help:

    Starting this year, claimants can renew their tax credits online at GOV.UK besides being able to renew by post and phone. However, we’ve observed that many families use ‘best estimates’ of their income when completing their tax credit renewals and these can differ substantially from their actual income. This can ultimately result in errors including overpayment of tax credits which then have to be repaid.

    If you submit your accounts information to us before 31 July, we can ensure you are able to provide HMRC with the correct income information to support your tax credit submission.

    But you need to hurry – there are only 12 days left.

    Related Articles

    Autumn statement 2022 – What does it…
    | Accounting for Individuals

    The economic stability of any country depends on fiscal sustainability, and the Autumn Statement outlines … Read more

    How to get ready for filing your…
    | Accounting for Individuals, Advice for Small Businesses

    If you run your own business, earn capital gains or otherwise have income apart from … Read more

    Self Assessment tax return preparation tips for…
    | Accounting for Individuals, Advice for Small Businesses

    Tax season is not such a big deal if you are a salaried employee. Most … Read more

    X

    Subscribe to the newsletter

    Know about latest accountancy updates, company news and business growth tips. Every month, in your inbox

      Subscribe to our newsletter