Press release: New parents could miss out on almost £500 from their tax credits

first_imgThousands of parents could be at risk of missing out on hundreds of pounds from their tax credits by accidently reporting their income incorrectly.HM Revenue and Customs (HMRC) is urging parents to check their income to avoid potentially missing out on an average of £495 a year. Many tax credits claimants who receive statutory maternity pay do not realise that some of this pay should be deducted from their gross pay when their tax credits awards are calculated.As well as maternity pay, parents can deduct any payments they have received for statutory paternity, shared parental or adoption pay up to a value of £100 a week.HMRC estimates that parents who did not deduct their statutory maternity pay from their income could have been entitled to on average an extra £495 across the year. Around 35,000 people could potentially be missing out. A full list of what can be deducted is available on GOV.UK.Parents need to make sure they renew their claim before the 31 July deadline for tax credits renewals.Tax credits help working families with targeted support and more than 65,000 customers this year have already used the app to renew their tax credits, compared to 38,411 customers in 2017.All online customers can now log into GOV.UK to check the progress of their renewal so they can be reassured it’s being worked on and know when they’ll hear back from HMRC.Angela MacDonald, HMRC’s Director General for Customer Services, said: HMRC’s Flickr channel Online help and information on renewing tax credits is available on GOV.UK and via HMRC’s customer service Twitter feed @HMRCcustomers. Support is also available on the tax credits helpline.Further information Follow HMRC’s Press Office on Twitter On GOV.UK By tweeting @HMRCcustomers or posting on our Facebook page with general queries Using HMRC’s App, which is available on the App Store or Google Play Store Using HMRC service on Amazon Alexa Using the online forum (click on Tax Credits and You) Through HMRC’s webchat help service By calling the tax credits helpline: 0345 300 3900 The deadline for people to renew their tax credits is 31 July 2018. Failure to renew before the deadline will mean payments are stopped and customers may have to repay the money they have received since April. We want to make sure all our customers get all the help they’re entitled to when they renew their tax credits. As the 31 July deadline for tax credits renewals approaches, we want to ensure nobody misses out. That’s why we’re urging parents to make sure they remember to deduct payments for statutory maternity pay, paternity pay, and adoption pay. This only applies to current awards. HMRC is unable to adjust finalised awards made in previous years. Claimants can get help and information on renewing tax credits:last_img read more

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Holtsville Hal, Malverne Mel Disagree on Groundhog Day Forecast

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York For the second Groundhog Day in a row, Long Island’s two weather-forecasting rodents disagreed over whether spring-like conditions will come early in 2018 or the current cold winter blast will persist.Holtsville Hal did not see his shadow, predicting an early spring, according to folk lore. Malverne Mel, however, did see his shadow, suggesting six more weeks of wintery weather.“Folks, early spring for one and all!” Dan Losquadro, Brookhaven town’s superintendent of highways, said while reading the prognostication on stage to the cheering crowd Friday morning at the Holtsville Ecology Center.Last year, Hal and Mel both made opposite predictions, although the five years before that they were in agreement. Mel’s forecast is in line with the nation’s foremost groundhog, Punxsutawney Phil, who also saw his shadow.But the tri-state area’s other groundhogs all predicted an early spring. Those that didn’t see their shadows include Staten Island Chuck, New Jersey’s Milltown Mel, Connecticut’s Chuckles, and upstate New York’s Dunkirk Dave.Losquadro joked that his highway budget will be safe from additional snow storms now that spring is on it’s way. Phil’s handlers issued a more ominous warning:“Here is my forecast, not lead, but solid gold,” they said. “I see my royal Shadow! Six more weeks of Winter to go!”Regardless of what the woodchucks say, the spring equinox is six weeks away: March 20.—With Timothy Bolgerlast_img read more

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