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.