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Finalising the tax credit award


Produced by a Tolley Personal Tax expert
Personal Tax
Guidance

Finalising the tax credit award


Produced by a Tolley Personal Tax expert
Personal Tax
Guidance
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This guidance note looks at the how tax credit awards are finalised. Note that tax credits cease on 5 April 2025. New claims for tax credits are no longer possible and no more payments will be made after 5 April 2025. Any existing claimants will be migrated to the universal credit system. See the Universal credit guidance note. There is information about migration notice letters on GOV.UK.

Finalising the tax credit award

When a claim is subject to the renewals process, the claim and amount awarded is finalised, and if necessary, adjusted according to the actual income of the year of claim.

The initial award put into payment is based on the income of the previous year, or sometimes on an estimate for the current year. This enables a provisional award to be made. See the Making and renewing a tax credits claim guidance note.

When the renewal is completed, the award actually paid is finalised. It is only after this, and the issue of the final award notice, that an enquiry can be opened for

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  • 13 Jan 2025 11:21

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