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Paying back child tax credits?

6 replies

mrsericnorthmaniwish · 25/07/2013 23:13

Filled in form for last tax year, separated from h so did seperate forms. On the section for other income I left blank as its never been over £300. H informed me some investment he got earnt over £3000 and it needs to be put in this section. I knew nothing of this,tax credits paid to me-does this mean I will have to pay them some money back? Scared,cause I don't have it:( any advice, thanks for reading

OP posts:
CogitoErgoSometimes · 26/07/2013 07:22

The award is based on household income so, if you are claiming as a separate household now, any income he has received from earnings or investments is not relevant to your claim.

mrsericnorthmaniwish · 26/07/2013 08:31

It's for the last tax year,started claiming alone beginning July,so from April to jul may be affected? I can cope with that I think:( thank you for reply,made me feel bit better

OP posts:
CogitoErgoSometimes · 26/07/2013 15:24

I would contact Tax Credits directly. Awards are based on the previous tax year's income unless something has happened to change that income. In which case, the award is made using your actual circumstances, not the past. If you were together April to July but separate since they'll take that into account.

ihearsounds · 26/07/2013 15:58

I thought you have to declare all income. Even if never over £300. Or have I been an idiot over the years and declared everything?

CogitoErgoSometimes · 26/07/2013 17:55

You do have to declare all the household income of the previous tax year whether it's earned (wages) or unearned (interest on investments) when making a claim. But if the OP's household changed in July from two earners to one because they have separated, the award will reflect that her actual day-to-day income is now nothing like it was in the previous tax-year.

mrsericnorthmaniwish · 26/07/2013 21:06

Thank you.i have never declared earnings on investments as they have never amounted to much, according to the information I have been reading you do not have to declare it unless it amounts to more than £300, I earns about £6.00 last year in interest:O if he has earnt a substantial amount in interest in years gone then he should have told me,but then that's his plan, I received the tax credits and he wants to make it look like the claims I made were not correct therefore landing me with a bill to pay them back. And he wonders why I left

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