Tax credit claimants have been told to expect a letter from HMRC about the Cost of Living Payments for 2023-24. Letters, sent to all claimants with information about the Cost of Living Payments for 2023-24, should arrive between April 19 - 24, 2023.
The letter explains that tax credit customers may be eligible for up to three Cost of Living Payments in 2023-24. Eligible claimants will receive £301 paid between May 2 and May 9, 2023, £300 in autumn 2023 and a final £299 in spring 2024.
If claimants are eligible and receive tax credits, and no other qualifying benefits, they will receive their payment from HMRC, to help with everyday costs, reports Yorkshire Live. If they are eligible, claimants do not need to do anything as the payment will be made automatically into the bank account where they receive their tax credits. They do not need to contact HMRC or apply for the payment.
