People are being warned they might have to give back hundreds of pounds if they miss an important deadline later this month. HM Revenue and Customs (HMRC) has issued a warning to around 323,700 people yet to renew their claim for tax credits that they must do so before the upcoming deadline on July 31.
Working tax credit and child tax credit help working families with targeted financial support - but people could see their credit stopped and have to repay what they've earned if they miss the upcoming deadline, according to the Daily Record. Around 1.9 million families are estimated to be getting either child tax credit or working tax credit as of April, 2021.
For people struggling to cope with soaring costs of living, any help they get makes a huge difference. The advice is that it's therefore crucial they don't miss any deadlines which might result in losing money they've been given.
