Working tax claimants have just two weeks to update HMRC with changes to hours

Working tax credit claimants will soon need to let HMRC know about changes to their job.

During the coronavirus pandemic, many Brits saw their working hours change and millions were furloughed.

A change to working hours when claiming tax credits would normally need to be reported to HMRC.

However, there were temporary changes in place due to the virus meaning the hours didn't need to be logged.

As the concession will now end, from November 25 anyone getting the benefits must tell HMRC of the change to their hours.

The amount you get is impacted by the hours you work, so changes after this date could see your tax credits go up or down.

If you don't report any changes after the date, you could receive a £300 fine, which can increase by up to £60 daily if you don't pay.

But if your hours are already back to normal or will be before the cut off date, you don't have to do anything.

You should continue to tell HMRC about any permanent changes to your circumstances within the same timeframe of one month.

That applies if you've been made redundant, lost your job or your hours changed permanently, you'll need to update details too.

Myrtle Lloyd, HMRC's director general, said: "We introduced this measure last year to help support working families.

"It is vital that working tax credit claimants update HMRC with their working hours if they have reduced and won't return to their normal level before November 25."

To report any changes, you can head to the government website, or contact HMRC on 0345 300 3900.

Want all the biggest Lifestyle news straight to your inbox? Sign up for our free Daily Star Hot Topics newsletter

Source: Read Full Article