Hundreds of people could miss out on tax credits and so lose important income if they fail to renew their claim by next month’s deadline.
That’s the warning from independent chartered accountants WBV Ltd, which is urging people to submit their tax credit information before the July 31st deadline.
To avoid potential complications WBV is advising claimants to send in their information to HM Revenue & Customs (HMRC) as soon as they can and not wait until the deadline.
The advice comes after the Institute of Chartered Accountants for England and Wales’ Tax Faculty received reports that a number of claimants had struggled to get through to HMRC Tax Credit Helpline.
Online traders have been warned they must disclose their earnings to HMRC, following a recent prosecution of an eBay trader.