Reply To: Arrears of Tax Credits

#1031
Anonymous
Guest

I’m not sure this will make an awful lot of difference to the way we calc the awards.

Presumably the arrears [b:3949f03eb1]amount[/b:3949f03eb1] is still determined in the same way and we’ll still end up treating it as capital at the beginning of the award.

The fact that it is paid in installments won’t make any diff. These are just payment arrangements between the IR and the customer. We’ve been here before with other aspects of TC installments.

The calculation method in the message above is completely standard. Let’s not get sucked into another debate about how the IR actually pay the TCs. Nobody gains and we all just end up confusing the heck out of each other.

Let’s stick to what we know. Dates. Amounts. Periods. Arithmetic.