1 million tax credits claimants risk losing their money. Are you one of them?

Tax claimants who do not renew their tax credits by 31st July 2014 will lose their payments, HM Revenue and Customs (HMRC) has warned.

More than 865,000 claimants have still not yet renewed their tax credits. Last year more than 650,000 people failed to renew on time.

This year, for the first time, claimants can renew online at GOV.UK, as well as being able to renew by post and phone.

Nick Lodge, Director, General of Benefits and Credits, HMRC, said: “Time is running out for people to renew their tax credits, or they risk losing their money. The majority of people can renew online this year, which is quick, easy and can be done at a time of day to suit them.

“However they choose to renew, the most important thing is to do it before 31 July.”

HMRC asks all claimants to check the accuracy of the information in their renewals pack, and to tell the department about any changes to their circumstances that they haven’t already reported, such as to working hours, childcare costs or pay.

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