Do you claim Child Tax Credits? Parents are reminded to update HM Revenue & Customs (HMRC) of their children’s educational status by 31 August – or risk payments stopping.
While exam results up and down the country are revealed, now is the time to inform the Revenue whether your children over the age of 16 will continue in full-time education or undertake an apprenticeship.
Those who don’t could risk payments stopping, or, if a young person leaves education or training, claimants must report this change to prevent the build-up of overpayments which must be repaid.
Parents can access their Personal Tax Account (PTA) to update both their Child Benefit and Child Tax Credit information online.
According to HMRC, more than 12 million people have registered for a PTA so far.
Angela MacDonald, Director General of Customer Services, said: “Congratulations to all students getting their results today. Once parents or guardians know what their child has decided to do it’s really important they let us know as soon as possible, so they continue to get the right benefits and credits.
“This can be done quickly and simply using the Personal Tax Account, which is available 24 hours-a-day, seven days-a-week. That means that parents can let us know their child’s education status, at a time that suits them ahead of the 31 August deadline.”