HMRC update: Brits urged to seek major tax credit update – take action | Personal Finances | Finance
HMRC, or HM Revenue and Customs as it is officially called, helps millions of people with their taxes, but also oversees some payments. One such sum is tax credits, available to qualifying Brits across the country. However, for those who receive tax credits, there is an important update to keep in mind.
A change in circumstances, HMRC acknowledged, could be more common for tax credit recipients this year due to the COVID-19 pandemic.
Some people may have earned less money than in previous years and may therefore have their claim affected.
As such, checking the income details in this pack will be of particular importance to many.
Changes in circumstances can of course vary, but there are specific issues that can affect a person’s tax credit payments.
By accessing the official government website, tax credit recipients can check the progress of a renewal.
HMRC will use this channel to keep people informed when they can expect to receive news of their complaint.
However, those expecting tax credit renewals have been advised to remain vigilant as cybercriminals seek to take advantage of them.
Some mimic government text or email messages in order to appear genuine, while others may try to defraud Brits over the phone.
As such, if someone is asked to provide banking or personal information, or to transfer money, they are informed that it is a scam.