Hi,
Can anyone please help regarding tax credits updates? We updated our last renewal in June, I think it was, based on our last P60s which were based on the last tax year but our payments are continuing even though we will be earning more and my hours have since increased and I have had overtime paid too. Shouldn't the renewal have taken into account earnings going forward? It didn't ask what will we be earning from then to next April. It always works in arrears and not in real time which doesn't make sense as we will have to pay back the excess received. Is it better to inform them now of the updated income, or to wait to the next renewal and see how much excess it is? I don't want to get in trouble!
Thanks.