Starting next week, HMRC will send out annual update packages to those who have applied for tax credits. The entire process will last for a month.

If you have received a letter from HMRC, please pay extra attention and complete the update on time.

In addition, you should be cautious of any suspicious organizations that may request your personal and bank information.

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The update package for the 2023-24 tax year will be sent out from next week (2nd May) and people are required to check the updated information before July 31st.

Tax credits are a form of government support for low-income earners, child care and disabled workers, which requires annual updates to HMRC to receive payment.

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What to do next:

Once you receive a tax credit letter from HMRC, you can update it through GOV.UK or the HMRC app.

If you find a RED line on the first page with the words “reply now,” you need to confirm your personal situation to continue receiving payments.

If you find a BLACK line on the first page with the words “check now,” you need to check if the information is correct. If it is correct, you don’t need to do anything as the system will automatically update your tax credit information.

If you haven’t received any letters after June 15th, you need to contact HMRC and update your information.

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What changes need to be reported?

When you receive a letter from HMRC, you may want to know what information needs to be updated.

Usually, changes in the applicant’s situation often affect the amount of payment for the next year:

  • Living arrangements
  • Childcare
  • Working hours
  • Changes in income

Beware of fraud

The government plans to replace tax credits with Universal Credit by the end of 2024 and will issue a notice on a specified date.

If you plan to continue to apply for financial support, you need to register before the deadline.

Some fraudulent organizations will try to take advantage of this opportunity to obtain the applicant’s information (bank information and personal information).

Our team reminds you to be vigilant of any suspicious letters, phone calls or emails.

Contact HMRC as soon as possible and do not share your financial information and login information with anyone.