Please don't shout at me for being scared! :eek:
At the start of last year (when the tax credit renewal forms came), our joint income was about 13K, as I was a mature student with a small (and disregarded) bursary. So our working tax credits continued.
About a month after that I got a professional job as a result of having retrained, which was great.
But I didnt tell HMRC laziness, forgetfulness, scariness, headinthesandinesss etc, I also assumed that because people are paid on the result of the previous years earnings (and because my previous year was low income) then that was the main thing, not that my income had suddenly gone up.
So now I am unsure what to do. Obviously I will tell the truth about our previous 11 months combined income (ie it is relatively high now ~ 44K), but can I just fill in the form tax credits annual declaration with our new income details for the previous tax year (ie 11 months of higher earnings) and be done with it . Or do I need to phone them and admit I have i didn't not tell them straight away as I should have done (??) and risk a big fine/more scary stuff.
The thing is the wording is not crystal clear to me. The Annual review form says to check our details were correct for the previous year in part A and B. Well part A says that at the start of the award period april 2012: your details were .
But that IS true, at the START of the award period those details are/were correct. I know that sounds like a lawyer, but its technically true.
Anyway, the main point I want clarity on is this should I fill in the new income details and send of the form, or should I phone them and explain. (I am quite scared about this).
Cheers :o
At the start of last year (when the tax credit renewal forms came), our joint income was about 13K, as I was a mature student with a small (and disregarded) bursary. So our working tax credits continued.
About a month after that I got a professional job as a result of having retrained, which was great.
But I didnt tell HMRC laziness, forgetfulness, scariness, headinthesandinesss etc, I also assumed that because people are paid on the result of the previous years earnings (and because my previous year was low income) then that was the main thing, not that my income had suddenly gone up.
So now I am unsure what to do. Obviously I will tell the truth about our previous 11 months combined income (ie it is relatively high now ~ 44K), but can I just fill in the form tax credits annual declaration with our new income details for the previous tax year (ie 11 months of higher earnings) and be done with it . Or do I need to phone them and admit I have i didn't not tell them straight away as I should have done (??) and risk a big fine/more scary stuff.
The thing is the wording is not crystal clear to me. The Annual review form says to check our details were correct for the previous year in part A and B. Well part A says that at the start of the award period april 2012: your details were .
But that IS true, at the START of the award period those details are/were correct. I know that sounds like a lawyer, but its technically true.
Anyway, the main point I want clarity on is this should I fill in the new income details and send of the form, or should I phone them and explain. (I am quite scared about this).
Cheers :o