ScoobyDoo555

Just a quick bit of advice, or confirmation of an urban myth!

I've heard a rumour that IF the IR overpay your chlid tax credits, you are now entitled to keep them, as it is an error on THEIR part, not yours.

Is this true? If so, where would I find the documentation to back up the claim?

Getting ready for a battle with the incompetence that IS Inland Revenue Tax Credits!!!!

Dan

TopBanana

False

MattW

TB is correct, I'm paying mine back even though I told them on several occasions what my salary is.

ScoobyDoo555

Kinda thought so
Haven't got a problem paying it back - I just wish they could agree on a figure to pay back!!! I've had 4 seperate figures in the post yesterday!!!

Thanks

Dan

OllyK

And the moral of the story? Don't have kids unless you can afford to support them

davegtt

LOL

ScoobyDoo555

I can quite EASILY afford to support both my kids and Scoob
However, if the government gives out money for nowt, I'm not going to say "no thanks"!!!

I just wish that left hand would communicate with right hand and send out the corrct figures!!!! Not too much to ask considering that these people look after our taxes, is it!

Dan

kbsub

They overpaid me by £6000 ! 7 weeks ago , I rang and told them and when i told them my salary they had missed a nought off the end , said they will let me know how I have to pay it back , meanwhile its in the bank earning interest . anyone know in what form I will have to pay it back ? all at once or in installments ?

OllyK

Just think about that statement for a moment, it isn't for "nowt" they have to source that money!

ScoobyDoo555

It's all a waste of time anyway. The money I could have earnt in the hour it took to fill the form would have been more than my entitlement!!!

Won't do that again

Dan

Gidney&Knowlesy

They can demand the full payment, there have been cases going to court & judges have ruled against the people receiving the money stating that they knew that the amount was surely incorrect & should have justified the amount with the government body.

Or sale up go abroad & take the money with you.......don't be thinking of coming back any time soon though

weapon69

I know if they overpay you by £600 or basically under 1k then they carry on paying you tax credits but say 50% of what you would normally get until they have recouped the overpayment.

TopBanana

Clever kind of stealth tax in that way then!

highlander68k

It is all a matter of how much of an overpayment they have made.

They tend to ignore small amounts (<£100).

Surely, you knew that they had overpaid you and you didn't blow it all?

NotoriousREV

They managed to overpay us by £2000 in 1 day spread over 4 payments. We just phoned them up and made them take it back until they figured out how much they actually owed us. IIRC, it works out about £15 a month. Apparently they had my income down as zero despite us telling them on several forms and over the phone what I earned. Eejits.

kbsub

I asked them to take the 6k back , but he said they will let me know how they are going to retrive the money , that was 7 weeks ago !! they also say they wont claim overpayments through your monthly payments

fast bloke

The system is a joke - they have been overpaying me for 2 years. No matter what I do they wont stop - No doubt they will work it out some day and ask for the entire heap back. They can have it..... at 50p a week

Allan

iTrader: (1)

Crikey didn't realise this was such a problem, I'm presently trying to get them to stop over paying me, looks like I'm wasting my time.

Allan

Chip

My circumstances have not changed a jot since last year yet we have still recieved 16 letters from them.

Chip

scoobyboy

how do you lot manage to get paid with your high wages? they over paid us 2 yrs ago and stopped all payments until it was paid off, thought this year we might get something but no they now say i earn to much £27k with overtime the g/f doesn't even pay tax as what she earns is to little and we have a very active 2 yr old, dont figure how we're not entitled to anything.

ScoobyDoo555

if you have alot of childcare costs, that "helps".....

It's all to bollix anyway

"whatever"

Dan

fast bloke

They have possibly made a mistake. If your combined income is less than 54k you will have some entitlement - at around 30k combined you wouldn't get WFTC, but you would get CTC, some of which would be based on childcare costs - the problem might be that your GF is working very few hours, so childcare costs would be minimal. On the flip side, they seem to have no idea how it works. I was made redundant in June 2002, and started training as a financial advisor within 6 weeks. I hadn't passed all the relevant exams until November 2002, and the nature of the business is that you might not get paid commissions for several months after doing business. With a bit of nifty accounting, my income for the year 2002-2003 was exactly the same as my tax free allowance. Taxable profit = 0. By deferring payment on commisions for a few weeks, I got an extra year before I had to pay a tax bill (Jan next year btw.)
Duely submitted accounts and sent a copy to tax credit people. They put a 6k backdated payment into my bank and started giving me £500 a month, based on me having an income of 4k. I informed them in June 2003 that potential income for the financial year 2003-2004 year was likely to be significantly increased but that due to accounting years and financial years being out of step this would not be reflected until the tax return due in Jan 2006. They asked how much - I told them - they said, 'we can't stop payments now, but you will probably have to pay it back' - I sent back the next declaration telling them that I estimated my income for the year to be 52 million (I did this for a laugh, and to get them to stop payments), but still they give me £500.00 a month. Eventually made progress in June 2005, when they cut the payments to £492.00 per month. They wont base payment on projected figures, and my accountant won't have actual figures for Oct 2003 - to Oct 2004 until probably about 20th January next year. Once that figure becomes actual instead of estimated, I reckon I will have to pay them between 12-14k. I have been trying to get them to stop paying it since they started around 27 months ago, so when they come back and ask for the money, I will have to plead poverty, as I will have just paid three years income tax in one go.