A progressive, South West based accountancy practice

Be on your guard!

HMRC are overriding previously advised income figures for tax credits with figures filed under the RTI system, therefore double check your income on your annual declaration!

**Case study – A client had told the tax credits office in April that their income was £18,000, split between dividends & salary. The RTI filings only showed a salary of £7,680 so they reduced it on his tax credits claim and increased the payments!