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Liam
Beginning Saver
Joined: 06 Oct 2004
Posts: 29
Cash Points ££ 180.00
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 Posted: Wed Feb 01, 2006 7:00 pm Post subject: Overpaid tax credits ? |
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If youve been overpaid tax creditd and they find out, which they apparently are doign then how do they expect you to repay them ? 
Is it a lump sum, deduction from future benefits or is it a monthly amount ?
Thanks
Yep, I think Ive been over paid, dreading the letter  |
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Phillipa
Veteran Investor
Joined: 05 Feb 2005
Posts: 419
Cash Points ££ 3383.78
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| Posted: Thu Feb 02, 2006 3:23 am Post subject: Re: Overpaid tax credits ? |
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| Liam wrote: | If youve been overpaid tax creditd and they find out, which they apparently are doign then how do they expect you to repay them ?
Is it a lump sum, deduction from future benefits or is it a monthly amount ?
Thanks
Yep, I think Ive been over paid, dreading the letter |
The most likely method is that your future tax credits will have the amount deducted on a monthly basis until the total has been repaid.
its a mess isn't it ?
You may have made no mistakes in your claim but STILL due to THEIR errors be asked to repay !  |
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Sami
Beginning Saver
Joined: 17 Apr 2006
Posts: 39
Cash Points ££ 795.66
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| Posted: Sun May 14, 2006 7:03 pm Post subject: |
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How come every year they miscalculate my tax credits !
I don't know whether I should spend the money or leave it on the account ! |
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birdie
Newbie
Joined: 04 Apr 2005
Posts: 15
Cash Points ££ 197.56
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| Posted: Wed May 17, 2006 3:24 pm Post subject: |
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Yes, its become an annual event !
Tax credit blunder 'happened again'
A new report shows that "gigantic" overpayments which caused hundreds of thousands of families financial problems during the first year of Gordon Brown's flagship tax credit system appear to have been repeated in the following 12 months.
The chairman of the influential House of Commons Public Accounts Committee said it is "deplorable" that the £2.2 billion overpayment and subsequent clawbacks should have occurred two years in succession.
Edward Leigh said that the cycle of overpayment and clawback was an inevitable part of the way the credit scheme was devised, but that the Government had failed to anticipate that it would happen on such a large scale.
HM Revenue and Customs (HMRC) paid out around £15.8 billion in child and working tax credits to five million families in 2003-04 and a similar amount in the following year. But in each year, around £2.2 billion was overpaid to about 1.9 million families - more than double the amount expected when the system was set up.
In many cases, repayments were required because claimants' circumstances had changed, but in others errors were due to official error or fraud by claimants.
http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2006/04/25/ucredit.xml |
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Duckie
Newbie
Joined: 16 Mar 2005
Posts: 23
Cash Points ££ 443.06
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| Posted: Tue May 23, 2006 10:47 pm Post subject: |
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Ive heard that there could be an overpayment amnesty ?
Ive looked at the inland revenues website but all I found was a booklett on overpayments but nothing about an amnesty
http://www.hmrc.gov.uk/leaflets/cop26.pdf
Anyone know anything ? |
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Phillipa
Veteran Investor
Joined: 05 Feb 2005
Posts: 419
Cash Points ££ 3383.78
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| Posted: Sun Jun 04, 2006 2:19 am Post subject: |
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There was something in the press about an amnesty ---
31 May 2006
Tax credits nightmare: Dundee call for amnesty
The continuing crisis over the tax credit system has sparked a leading Dundee poverty worker to call on the Government to wipe out £2 billion of overpayments that could force families into financial hardship for a second year running.
Jim Milne of the Dundee Anti-Poverty Forum branded the government “incompetent” in handling tax credits, which is causing scores of families added worry and hardship.
New figures published today show more than 1.9 million claims were overpaid in 2004/05, up 120,000 from the system’s first year.
A total of £1.8 billion was overpaid, almost a fifth down on the £2.2 billion overpaid in the previous year.
The 2003/04 overpayment led to plans to allow £1 billion of debts to be written off by HM Revenue and Customs.
Mr Milne said the latest overpayment figures represented an unnecessary worry for families in the city who already suffer hardship, and many families are being forced into poverty as they struggle to find the money to return overpayments.
“We have expressed concern previously about the lack of discussion and negotiation with the people who have received overpayments,” said Mr Milne. “I believe there should be an amnesty because of the incompetence of the Inland Revenue.
“It’s their incompetence. They should look sympathetically at individual cases.
“I would urge people to get in touch with groups like Citizens Advice, Dundee North Law Centre and Dundee Money Advice Support Team to get help if they find themselves in this position and they can negotiate on individual’s behalf.
“Trying to do it yourself without the knowledge of the system is difficult and I would urge people to seek advice.
The fiasco has sparked calls for the minister in charge to be sacked.
The Liberal Democrats say Paymaster Dawn Primarolo must go, while the SNP’s work & pensions spokesperson , Angus MP Mike Weir, said Gordon Brown should be the one answering for the chaos in the system.
He said, “It is no surprise to me the system is in chaos. It now rivals the CSA in terms of constituents’ complaints and many parents are left worried by demands for repayments and a loss of income for their families.
“The problems lie with the computer system and an over-complex bureaucracy.
“However, the upshot of this chaos is that many families in need are now refusing to claim because of worries about being forced to pay back huge amounts.
“The system must be reformed and take account of the changing circumstances.
“The Paymaster General may be the minister in charge, but it should be remembered this system was one of Gordon Brown’s obsessions.”
Chief Secretary to the Treasury Stephen Timms said, “The Government has already taken action to improve the tax credit system in response to the lessons learnt in the first year of the system (2003-4).
“These changes give greater certainty to families while maintaining flexibility to respond to changing circumstances.
“As today’s figures confirm, overpayments have now fallen by a fifth. The 2005 Pre-Budget Report set out a substantial package of further measures.
“Once fully implemented, we expect them to reduce overpayments in future years by around one-third.”
He added, “Tax credits are benefiting six million families and around 10 million children and reaching far more low and moderate-income families than any previous system of income-related family support.
“Take-up of tax credits is at unprecedented levels with first year take up of around 80% and 93% among the poorest. They have played a vital role in reducing child poverty, with 700,000 children lifted out of relative poverty since 1997. |
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