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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.

Migration of tax credits to Universal Credit

New claims for tax credits are no longer possible as they have been replaced by the universal credit for all claimants. Existing claimants will continue to receive tax credits until they are migrated to the universal credit system. Migration will take place when a change in circumstances is reported or when a migration notice letter is received. This is expected to be completed in 2024. There is information about migration notice letters on the GOV.UK website.

See the Universal credit guidance note.

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

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  • 15 Sep 2023 08:01

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