HMRC: Warning issued to Britons as tax credit deadline approaches in July | Personal finance | Finance

HM Revenue and Customs (HMRC) oversees many tax matters, with tax credits being a key priority. Those applying for tax credits will need to renew them on the date indicated on their renewal file.

For these people, that date is July 31, 2022, leaving just over a month to sort out the issue.

HMRC has warned Britons who miss the deadline that their “tax credit payments will stop”.

Its website adds: “You will receive a statement and will be required to repay any tax credits you have received since April 6, 2022.”

If HMRC stops payments, individuals will not be able to re-claim tax credits.

READ MORE: State pensioners warned ‘don’t ignore letters’ as payment changes

As long as the details are correct, individuals will not need to take any further action to have their credits automatically renewed.

Individuals can renew their tax credits either online, by phone or by mail.

They will, however, need to have certain information at hand in order to successfully complete a renewal.

First, details of any changes in personal circumstances will be required.

These must be accompanied by details of the total income of an individual and their partners for the last tax year – April 6, 2021 to April 5, 2022.

Those who have not yet received a renewal pack should contact HMRC as soon as possible.

The IRS has also warned people to be on the lookout as scammers look to take advantage of the upcoming deadline.

Typical scams include phone calls threatening arrest if people don’t immediately pay the shadow tax owed.

Myrtle Lloyd, managing director of customer services at HMRC, said: “We urge all of our customers to be very careful if they are contacted out of the blue by someone asking for money or bank details.

“There are a lot of scams out there where fraudsters call, text or email customers pretending to be HMRC.

“If in doubt, we suggest that you do not respond directly and contact us immediately.

“Search GOV.UK for our ‘scam checklist’ and for ‘how to report tax scams’.”

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