Tax Credits Overpayments

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angela18

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Post by angela18 » Tue May 13, 2008 9:08 pm
should think so too!!!
Ang.. 13 payments in.. WOW, thats over 20% paid!! http://angela18.blogs.iva.co.uk/ well here we go

if you wish for a rainbow... then you have to put up with the rain xx
 
 

Red Rocket

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Post by Red Rocket » Tue May 13, 2008 9:12 pm
Sorry Marsha
Kind of missed your post on TC's.
I would say that any overpayment (HMRC certainly treat OP's this way) is a debt so should be included. Although I suspect the cads at HMRC may tell you different.
I am not the most experianced in this field but if you go to www.taxcc.org I'm pretty sure that you will more advice.
Good luck and sorry i missed your post earlier
Red
 
 

Red Rocket

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Post by Red Rocket » Tue May 13, 2008 9:53 pm
Some interesting stats re Tax Credits:

2003-2004
There were 5,670,000 claims for Tax Credits.
1,879,000 claims were overpaid by a total of £1,931,000,000.
That's 33.14% of all claims OVERPAID.

2004-2005
There were 6,458,000 claims for Tax Credits.
1,958,000 claims were overpaid by a total of £1,695,000,000.
That's 30.32% of all claims OVERPAID.

2005-2006
There were 6,480,000 claims for Tax Credits.
1,902,000 claims were overpaid by a total of £1,573,000,000.
That's 29.32% of all claims OVERPAID.

I guess if anyone is caught up in this mess and also they are going through an IVA, only complications can follow.
 
 

marsha1

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Post by marsha1 » Tue May 13, 2008 10:20 pm
Hi Flirty red rocket. I have emailed a couple of questions on the overpayment site.
Thanks for the advice xx
 
 

Red Rocket

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Post by Red Rocket » Tue May 13, 2008 10:38 pm
Hi Marsha
I know the gals are full on preparing for the Westminster Day, so if you sent to coordinators you may wait a couple of days for reply.
Red
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