AWARD FOR THE YEAR 2004/05

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  • #19879
    Anonymous
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    😯
    Sorry if this sounds daft but don’t normally deal with tax credits. If someone has been getting wtc/ctc & has now got the new award for this year, when are you taking the new income in from i.e., the notification date or April 2004? Also. new award letters give forward notice of 2005/06. What are you doing with these?
    Thanks and apologies again if this sounds daft!

    #1326
    Anonymous
    Guest

    [b:1e4c3e51f8]New Awards[/b:1e4c3e51f8]
    New awards taken into account from award letter date.

    [b:1e4c3e51f8]From April 2004[/b:1e4c3e51f8]
    From April 2004 to award letter date will be covered by “provisional” payments of Tax Creds. These are based on the amount of the finalised award for 2003/4 – but with only the gross figure used – i.e. no adjustments for overpayment recovery.

    [b:1e4c3e51f8]Future entitlement[/b:1e4c3e51f8]
    Ignore for now

    See QuickCalc website at [url=http://www.quickcalc.net]www.quickcalc.net [/url]for range of TC award calc tools and help notes about determining amounts to take into account.

    PS – it doesn’t sound daft

    #1327
    Anonymous
    Guest

    Thanks very much Peter. Much appreciated.

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