Tax credits, Child Benefit and Guardian's Allowance

Tax credits, Child Benefit and Guardians Allowance need special treatment. You may not:

use awards of these benefits to reduce a tax debt

set a tax repayment against any overpayment of these benefits unless you are specifically asked to do so by the customer

disturb procedures for recovering overpayments of these awards by means of instalment plans or from ongoing awards.

Please note that tax credits, in this instance, refers to credits payable to individuals and families only; it does not apply to credits payable to companies.

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.