The Low Income Tax Reform Group (LITRG) was established in 1998 to improve the policy and processes of the tax, tax credits and associated welfare systems for the benefit of those on low incomes.
The LITRG has recently published a new press release giving advice to taxpayers who missed the 31 July 2015 tax credits renewals deadline.
Taxpayers that have not renewed their tax credits have been warned that their tax credits payments may be stopped.
" This letter will also ask for all of the tax credits paid since the start of 2015/16 tax year (that is, from 6 April 2015) to be repaid to HMRC.
"The LITRG is advising taxpayers that as long as they contact HMRC within 30 days of the date on their statement of account, HMRC will process the renewal and reinstate the 2015/16 claim back to 6 April 2015.
"Taxpayers that are self-employed and do not yet have final details for last year can provide an estimate as long as they either confirm the estimate, or file actual figures, by 31 January 2016.
"Taxpayers that miss this 30-day grace period can only renew their claim for the whole of 2015/16 if they complete their outstanding renewal by 31 January 2016 and have ‘good cause’ for missing the 31 July deadline and the extra 30-day deadline.
"A new tax credits claim can be made by those that miss the deadlines but will only be backdated a maximum of 31 days."