A. The difference between the figures could be due to any of the following;
- Where you have more than one source of income (perhaps a redundancy payment from a previous employment) your tax credits renewal notice will show the total from all the sources that you received inc ome from in 2013/14.
- Your pay shown on the P60 may have been corrected at a later stage after the Tax Credits Office extracted the figures used for the renewal notice.
- Your income counted for tax credits includes the value of certain benefits in kind such as the provision of a company car, which isn't included in the amounts reported on the form P60 or on payslips. The value of those benefits will be reported on a form P11D which you should receive by 6 July.
If you believe the tax credits income figure for 2013/14 is wrong ring the number given in the renewal pack and report the correct figure.
Showing posts with label working tax credits. Show all posts
Showing posts with label working tax credits. Show all posts
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