Meet the Other Phone. A phone that grows with your child.

Meet the Other Phone.
A phone that grows with your child.

Buy now

Please or to access all these features

Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

tax credit award (which is based on 2009/2010 income)

2 replies

willow11 · 13/02/2011 16:36

In feb 2010 i estimated my income for tax year ending 2010.

I declared my income in May 2010 from the p60 i received for tax year ending 2010.

I forgot to inform tax credit of £69 taxable income from mileage allowance for tax year ending 2010. (this amount wasn't on my p60)

Can i still inform them of this amount as the payments i am currently receiving is based on my income for tax year ending 2010?

Will i get fined/penalty for not declaring this sooner?

OP posts:
ChasingSquirrels · 16/02/2011 23:21

are you sure it was taxable mileage?

Morph2 · 17/02/2011 22:03

Mileage is taxable if paid at greater than HMRC mileage rates of 40p for first 10,000 miles and 25p per mile after so assume you must have been paid some mileage in excess of this for it to be taxable.

£69 is only a small amount and isn't going to make a huge amount of difference to your tax credits award. Strictly you should phone up and let them know but i would be inclined just to leave it.

New posts on this thread. Refresh page
Swipe left for the next trending thread