Last year i started a partime job working 10 hours per week with my husband working full time ,i was awarded child tax credits of £200.00 per month based on my earnings but i have worked quite a bit of over time since i began work and i have changed from 10 hours to 18 hours a week,I did inform them of my changed hours in Oct but i couldn't tell them my top line as i never got my wage slip and i just forgot to get back to them,now i'm worried.
2007-02-05 00:39:42 · 5 answers · asked by Mea 5 in Business & Finance ➔ Taxes ➔ United Kingdom
you will have to pay it back, it is up to you to inform them as they say in their adverts on TV.
2007-02-05 01:06:36 · answer #1 · answered by mike-from-spain 6 · 1⤊ 0⤋
aslong as you are still claiming tax credits any overpayment can be taken from future tax credits at around 10% of your payments at the time. The important thing is you have informed them of changes in your circumstances. Don't worry :-)
2007-02-05 00:48:39 · answer #2 · answered by mymagicshowuk 3 · 1⤊ 0⤋
If you have been overpaid this will be deducted from the calculation of what you are entitled to for the next year...the will either ask for it back gradually over 4 months or they will take it all back at once deduction it from what they pay you.
2007-02-05 00:47:42 · answer #3 · answered by blazing_staruk 3 · 0⤊ 0⤋
You will only have to pay it back if it was deamed your error and not thiers, as long as you did everything to inform them and have copy documents your ok, if your unsure your local CAB have advisirs who can look into your case on an individual basis
2007-02-05 00:46:14 · answer #4 · answered by hunmanbyhampers 1 · 0⤊ 0⤋
you dont have to pay it back all at once this happened to us, they just reduce your award for next year.
2007-02-05 00:49:40 · answer #5 · answered by Anonymous · 1⤊ 0⤋