Saturday, May 05, 2007

How To Renew Your Claim For The Tax Credits You Deserve

Things to do in order to renew your claim:

The first step is receiving your Annual Review Pack in your mailbox. All that is needed is there. Make sure that you have your documents prepared so you will easily check the items concerning your award and you will be able to calculate your income. Among these there must be a your last pay slip or P60 for the former tax year, your Self Assessment tax return, if you happen to be self-employed and all records and receipts for childcare costs. Be careful to read the instructions on the form when receiving the pack. It is better if you also verify that we have the right information concerning your personal circumstances throughout your award and that this information is also complete. The last step consists of receiving a note from us and you will know what forms you need to fill and when to return them. After you have completed filling the forms you send us the information and you wait for it to be processed.

Why do you have to renew your claim?

Even if your award is waiting to be renewed, you shouldn’t worry that your existing tax credits will seize. Payments will continue to reach you. It may be the case you will be asked to supply information and you to do so by a certain date. If you don’t deliver the information by that date, your payments will stop. More than one Packs will be sent to those individuals that have had more than one tax credits award in the last tax year. For example, there was an award jointly with a partner along with the individual award.
Things to do in order to renew your claim:

The first step is receiving your Annual Review Pack in your mailbox. All that is needed is there. Make sure that you have your documents prepared so you will easily check the items concerning your award and you will be able to calculate your income. Among these there must be a your last pay slip or P60 for the former tax year, your Self Assessment tax return, if you happen to be self-employed and all records and receipts for childcare costs. Be careful to read the instructions on the form when receiving the pack. It is better if you also verify that we have the right information concerning your personal circumstances throughout your award and that this information is also complete. The last step consists of receiving a note from us and you will know what forms you need to fill and when to return them. After you have completed filling the forms you send us the information and you wait for it to be processed.

Why do you have to renew your claim?

Even if your award is waiting to be renewed, you shouldn’t worry that your existing tax credits will seize. Payments will continue to reach you. It may be the case you will be asked to supply information and you to do so by a certain date. If you don’t deliver the information by that date, your payments will stop. More than one Packs will be sent to those individuals that have had more than one tax credits award in the last tax year. For example, there was an award jointly with a partner along with the individual award.