HM Revenue and Customs (HMRC) has reported that more than 33,600 customers have successfully renewed their tax credit claims via the HMRC app so far this year, a 39 percent increase from previous year.
In order to prevent their payments from ceasing, consumers must renew their tax credits before the rapidly approaching deadline of July 31.
Tax credits provide targeted financial assistance to working families.
Because it is a quick and simple way to complete this crucial task, HMRC is urging more consumers to utilize the highly regarded app.
It provides instant, direct access to tax benefits and is both cost-free and easy to use.
The fully secure software has a lot of advantages, including saving clients time and money by removing the need to call HMRC and allowing them to use it whenever they choose on any smartphone or tablet.
Those who download the HMRC app can:
They extend their tax credits
Change their assertion
Examine their tax credit payment schedule and ascertain their yearly earnings.
Nearly 259,000 people use the tax credits app, and more than 10 million people have used it in the past year to check things like their payment dates and amounts.
Director General for Customer Services at HMRC, Myrtle Lloyd, stated:
Our tax credit customers have a limited window of opportunity to submit new claims.
Search “HMRC” in the app store on your smartphone to download the HMRC app, which makes renewing your account quick, simple, and free.
Customers can download the app from Google Play or the App Store. Given that the app currently has a rating of 4.7 stars on Google Play and 4.5 stars on the App Store, online reviews at both sites clearly show that users are happy with its performance.
After downloading the software, users have the choice to set up and choose facial recognition, a fingerprint, or a 6-digit pin to gain quick access to their information while maintaining complete security.
On GOV.UK, customers may also manage their claims and renew their tax credits online.
Customers may log on GOV.UK to track the status of their renewal, receive confirmation that it is being handled, and learn when they can expect a response from HMRC.
For households receiving certain benefits or tax credits, the UK government has announced a Cost of Living Payment of £650, payable in two separate lump payments of £326 and £324, to help with the cost of living.
They are qualified for each payment if they are just getting tax credits. Payments will be made automatically by HMRC, with the first one arriving by the fall.
Customers don’t have to apply for the payment or get in touch with HMRC.
On GOV.UK, you may find more details on the Cost of Living Payment, including qualifying requirements.
By the end of 2024, Universal Credit will replace tax credits, which are coming to an end.
Many customers who switch from tax credits to universal credit may be in a better financial position, and they can determine this using an independent benefits calculator.
Customers should seek independent advice in advance if they decide to apply earlier because they won’t be able to switch back to tax credits or any other benefits that Universal Credit will replace.
Customers in a rush to organize their accounts as the renewal date draws nearer may be more susceptible to scammers.
HMRC advises consumers to never allow themselves to be pushed if someone phones them claiming to be from HMRC and asking for an urgent money transfer or personal information.
Additionally, HMRC strongly advises clients not to divulge their login information.
They could be used by someone to commit fraud or steal from the customer.
The government advises consumers to take their time and review GOV.UK’s information on scams from HMRC.
