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working tax credits question regarding estimated earnings?
My hours increased a little in October and I informed WTC people by phone. The lady asked me for an estimate of my earnings up to April 2009. I estimated £6000 thinking I would be under that amount and the wtc was adjusted. However in my April payslip ,due to backpay, Im at £6143 with a taxable gross of £5838.
Question is, which figure do they use and if its the £6143 do I owe them some money?
Thanks.
2 Answers
- BlueblazeLv 41 decade agoFavorite Answer
Don't worry about it.
If you are due anything at all it would be minimal.
This coming years tax credit will be adjusted to compensate for it, but you probably wont even notice it.
Source(s): Previous experience - 1 decade ago
You just have to phone them up and ask them as soon as you can. There's no second guessing those people. And it's better to know sooner rather than later.
I'm currently paying back 3k which they overpaid over a number of years. Updated my forms each year when asked, but although it was still miscalculated from their end, it remains my responsibility to pay it back. They've definitely got harsher since the economy has gone down the tube.
