Reply To: Overpayments created by NTC awards

#922
Anonymous
Guest

Martin,

It doesn’t matter in calculating the amount of the arrears. i.e. the bit which gets treated as capital.

Why does it matter if payment is “in arrears”? Don’t you just bung it onto the claim as a weekly amount (from the award letter date), regardless of the the actual payment frequency.

So long as, over the period of the award, the correct amount is entered as a source of income – what’s the diff?

That’s what we are doing anyhow.

If there is any reason why this would lead to incorrect HB then I’d be interested to hear it. Really.

Try my QuickCalc. It calc’s arrears automatically. (See “Tax Credit input Calculator” posts for technical info and links.)

I’m genuinely curious about this ‘cos it makes me think I might be missing something important.