To avoid overpayment, penalties, or missing out on tax credits you are eligible for, it is important to report changes in your life and work circumstances to the tax office immediately. Knowing the right contact numbers and what details you need to provide will provide you with a full and faster service. If you are looking for tax office contact, visit this link: http://taxofficenumbers.co.uk/
2. You can receive tax credits if you are responsible for at least one child or young
person, or if you are working, but are on a low income. Your tax credits can
increase, decrease or stop as a result of various changes in your life and work
circumstances. You must inform the tax credit office of these changes.
What changes do I have to report
You may need to report changes when you start a new job or if your working hours
are altered. A decrease or increase in income by greater than £2,500 also need to be
reported immediately. You also have to contact the tax office when your state
benefits start, stop or change. Aside from changes in your income, you also have to
report changes in your family’s circumstances, like once you get a permanent
separation or divorce, live-in with a new partner, have a newbaby, or when a son,
daughter, or partner dies. If you plan on going on a holiday in another country for 8
weeks or more, or if you will be residing in another country permanently, you also
have to get in touch with the tax office. Tap here to discover more about general
tax office number.
Why should I report changes?
Not being able to report changes to the tax credit office can result to an
overpayment. In case you are overpaid from the date of the change, you might be
instructed to pay this back. You may even face a penalty as much as £300 if you
have been overpaid. It can also mean losing out on money that you may be eligible
for because of a change in your circumstances. You have to be aware that even if
you could report such changes later on, increases in your tax credits can usually be
backdated by up to only 1 month.
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3. Guide on how to report changes
You can report changes by getting in touch with the
tax credit helpline. You can't report the majority of
changes until they actually happen. Unfortunately,
it is not yet possible to report changes for tax
credits through email or online, unless you are
changing address or getting a child benefit.
The HMRC aims to respond your call as soon as possible. However, because of the
number of calls that they get, you may be put in a queue. Your call will be
answered when an operator becomes available, but if you want a full and faster
service, you can utilize this general tax office number.
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