March 8 2014 Latest news:
Tuesday, March 5, 2013
Tax credits claimants in Great Yarmouth, Breckland and Broadland are being reminded to report changes - or face financial penalty.
There are 8,900 claimants in Great Yarmouth, 8,900 in Breckland and 6,700 in Broadland.
Changes in circumstances could be an increase or decrease in working hours, childcare costs, living arrangements or the amount of income.
From April this year, households where the combined income is increasing by more than £5,000 for the tax year must tell HM Revenue and Customs as an income increase will reduce claimant’s tax credit award for the 2013/14 tax year.
Urging people to get in touch if they need advice, HMRC’s director general of benefits and credits Nick Lodge said: “Many people forget or fail to tell us about important changes – such as having a partner move in or an increase in income – which will affect the amount of money they receive.
“This could mean that they don’t get all the money they are entitled to.
“Or they could receive money that they have to pay back.
“We therefore urge them to report changes promptly, and make sure all details are accurate.”
To inform HRMC of changes or get advice on tax credits call 0345 3003900.
HRMC will sometimes charge a penalty if claimants do not send the information they are asked for or are careless or dishonest in making their claim.
If someone receives more money than they are entitled to, they will have to pay it back.