Each year you will get a tax credits renewal pack. You need to check your renewal forms and make sure you report the right information to the Tax Credit Office. This will help them check if you were paid the right amount of money in the year just ended - and that your payments are right for the coming year.
As well as telling you how to renew your tax credits, the Annual Review notice gives details of the tax credits you received during the year.
It lists:
You need to:
You need to report any changes straightaway. If you don't, you might get:
What it is and who gets one
You may get an Annual Declaration form in your renewal pack as well as the Annual Review notice. The Declaration asks for your income in the past year.
You may not get an Annual Declaration if you:
If either of these applies to you, you'll usually just get an Annual Review notice as part of your pack.
Working out your income if you're employed
If you're employed, you should get a P60 from your employer at the end of the tax year, showing what you earned.
You'll also need to report any taxable benefits you got from the job, and about any other money you got for example from stocks and shares or from bank interest.
If you didn't get a P60, your March payslip will show how much you earned in the past tax year. If you don't have either, you'll need to make an estimate of what you earned. If it was more or less the same each week or month, multiply this by:
If you didn't get the same wages each time you were paid, you'll need to add up all the money you received during the year.
Working out your income if you're self-employed
If you're self-employed, your income is the profit you made, and you should use the amount from your tax return.
If you haven't sent in your tax return, you'll need to give an estimate of your profit. This is the difference between all the money you made from doing work or selling goods and the cost of doing that business.
Working out other income
You'll also need to work out your other income. This includes:
The deadline for returning the Annual Declaration form - or giving the Helpline the information asked for - is usually 31 July. Your renewal pack will tell you if you have a different deadline.
Renew as quickly as possible - don't wait for the deadline. If you delay you might not be getting all the money you're entitled to or if you've been paid too much, you may have to pay back any overpayment from the previous year as well as any money paid to you since 6 April.
If you need more help you can call the Tax Credit Helpline on 0845 300 3900, or textphone 0845 300 3909 if you are deaf or have a hearing or speech impairment (open from 8.00 am to 8.00 pm every day except Christmas Day, Boxing Day, and New Year's Day).
If you're calling from overseas you can also contact the Tax Credit Office on +44 289 053 8192.