www.iva.co.uk

I have just recieved my annual review notice for tax credits, who have informed me that I have been overpaid by £104.00, and must pay it back straight away. Obviously I do not have the money. Any suggestions

Ask them to take it out weekly throughout this tax year. That way you wont really notice a lot of difference.

Get in touch with them and tell them you cannot afford to pay it back all at once. They will agree to take a sum you can afford from future payments until it's paid back.

Tell them they can take it back over the next 2 years to allow it to be affordable for you. Its not a big mistake but you shouldnt have to suffer by them taking it all at once.

these tax credits are the biggest joke ever they have paid out billions too much they want it straight away? mine was just stopped till the overpayed was recuped and it will take a while[}:)]

Just spoken to tax credits. Got to pay £10.44 per month for ten months. Another bill to add to my income and expenditure, when does it ever end.

Figures published today by Inland Revenue show that nearly 2 million families claiming Tax Credits were overpaid last year - revealing for the first time not only the number of people who have been overpaid but also those on low incomes who have been underpaid and are missing out on their entitlements.


Today’s figures show that:



One third of all families awarded Tax Credits were overpaid in 2003/04



Over half of all overpayments were over £500 and one third were over £1000. Over 300,000 families effectively owed the Inland Revenue between £2000 and £5000.



£1.9billion overpaid in Tax Credits



Over 700,000 families have been paid less then they were entitled to totalling £464 million and 60% of these families have incomes below £15,000.

http://www.tameside.gov.uk/welfareright ... s/overpaid

have a look here for advice on overpaid credits

We were actually underpaid. We knew nothing about it till a large ammount of money appeared in the bank.

Yep, same as us last year Mrs Skint, it was quite a lot as well. Wish it would happen again!!! lol

I do not understand how they can claim this money back?? 9 out of 10 times it is there mistake and not the individual who has claimed so why should they suffer because of the governments incompetence

I am in the same boat as you, I have appealed against it. I owe them £100.17p from 2006, but just got to know on the last review, rang them in 2006 to stop all payment as OH had new job and I was told I could not stop them paying me I had to accept it. I got the mans name date and time of call from 2006. When I rang last week to state I was appealing I was told I could do this but there was no record of me ringing them in 2006, don't understand I have the guys name! It was much easier when our tax codes were amended instead of all this hassle.

These people are a nightmare [:(!]

Debbie

Or rather the system is.

Debbie

Just our of curiousity....if any of us were paid a large lump for back-dated TC, would we have to declare it??? I guess it works the same for br's and IVA's in that it may be classed as a windfall....