Commentary

E2.245 Calculation of tax credits—changes of circumstances

Personal and employment tax

E2.245 Calculation of tax credits—changes of circumstances

E2.245 Calculation of tax credits—changes of circumstances

See E2.253 regarding changes of circumstances which must be notified to HMRC. A change of circumstances which increases or reduces the maximum rate of tax credit will result in one relevant period coming to an end and another beginning, for the purpose of the calculation of credits. A change in the level of income also needs to be notified, but it may be prudent for a claimant to notify such a change in order to minimise an overpayment or underpayment arising during the remainder of the tax year.

Note that a change in

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