Our website uses cookies to enhance the visitor experience (what's a cookieCookies are small text files that are stored on your computer when you visit a website. They are mainly used as a way of improving the website functionalities or to provide more advanced statistical data.). Are you happy for us to use cookies during your visits?
Please note: continuing without making a choice equates to giving us your consent, which you can withdraw at any time via our cookies policy page.

Tax Credit Deadlines

Newsletter issue - June 07.

If you are claiming tax credits you should have received a renewal pack by now to renew your claim for the current tax year: 2007/08. You need to return these papers by 31 July 2007 including, if possible, an accurate statement of your family income for the year to 5 April 2007. If you don't return the renewal papers by 31 July your tax credit payments will stop.

Where your income is primarily profits from your own business you may need to wait until your 2006/07 accounts are completed, before you can give an accurate figure for your family income. If this is the case you should include an estimate of your income on the renewal papers and supply the final figures by 31 January 2008.

Where there are changes in your family circumstances, your working patterns or in the number of children that qualify for tax credits within your family, you need to report these changes to the Tax Credit Office within one month of the change. For example if you split up with your partner, so they cease living in the family home, you must report this change within one month. As a single person supporting children your tax credit claim will need to be recalculated based only on your income and your working hours.

  • Auto enrolment icon

    Auto Enrolment

    Workplace pensions rules are changing.
    Be prepared for auto enrolment, see how we
    can help and read up on our guidance notes.


  • Cloud accounting icon

    Cloud Accounting

    With our online bookkeeping packages, our support
    services are only a click away.
    Discover cloud accountancy solutions to bring your finances up to date.

  • Pay less tax icon

    Pay Less Tax

    Our experienced tax advisors can help you
    make the most of your options to reduce
    your tax bills.


  • Make more profit icon

    Make More Profit

    From business plans to management accounts,
    our business services will ensure you are in
    control of your business finances.


  • Source finance icon

    Source Finance

    Our experienced partners can guide you
    in getting the finance you need to make
    your business grow. Read our guides or
    contact us for a free consultation.

  • Outsource your payroll icon

    Outsource Your Payroll

    Let us handle payroll compliance for your
    business. We can deal with HMRC on your
    behalf, and take the stress out of RTI.