HMRC to stop paying certain benefits to Post Office accounts
HMRC is to stop paying certain benefits to Post Office accounts from the end of November 2021. Which payments are affected and what do account holders need to do before then?
The Low Incomes Tax Reform Group (LITRG) has issued a reminder that HMRC and the DWP will stop making payments to Post Office accounts after 30 November. Recipients of tax credits, universal credit, child benefit and guardian’s allowance must provide alternative bank account information to HMRC by that date, or payments will stop. HMRC will then write to the recipient to prompt for account details before payments can resume. As this is just before Christmas, falling foul is likely to cause hardship.
If a recipient doesn’t hold an alternative account, they will need to open one with a bank, building society or credit union and advise HMRC or the DWP (or both) of the new details. If an account cannot be opened, the individual must contact HMRC for further advice ASAP.
Related Topics
-
Can you claim input tax without a VAT invoice?
One of our clientss cannot provide a tax invoice to HMRC to support an input tax claim on the purchase of machinery three years ago. What alternative evidence should be acceptable to the officer?
-
CT61
-
How to apportion advisory mileage rates for EVs
In September, HMRC introduced a new two-tier advisory mileage rate for employees charging electric vehicles. The rate differs depending on whether the vehicle is charged at home or not. But what’s the correct approach if an employee does both?