Reminder about tax credit change

Picture: Paul Jacobs (142476-229) PPP-140824-032155001

Travel

0
Have your say

THE Southern Society of Chartered Accountants has warned families to prepare for changes to tax credits.

From April 6 changes will be made to tax credits and child tax credit.

They were announced in last year’s emergency budget and spending review.

Ian Davies, President of SOSCA, said: ‘The whole tax credit system is very complicated and we have seen a number of problems with it over the years.

‘Eventually it will be phased out but between now and then, families will see a number of changes which will affect payment.’

To find out about the changes, and how they will affect you, see hmrc.gov.uk.