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Too much credit

24 March 2005 / Kate Bell
Issue: 4000 / Categories: Comment & Analysis , Investments

KATE BELL reveals how research on tax credits has highlighted problems with the recovery of overpayments.

NEW RESEARCH FROM the charity One Parent Families highlights the problems that many claimants are experiencing when the Inland Revenue decides to recover an overpayment of tax credits. The charity is calling for reductions to be placed on the amount of overpaid tax credits that can be recovered from a continuing award, and for better use of Revenue discretion when it decides whether or not to recover an overpayment.

KATE BELL reveals how research on tax credits has highlighted problems with the recovery of overpayments.

NEW RESEARCH FROM the charity One Parent Families highlights the problems that many claimants are experiencing when the Inland Revenue decides to recover an overpayment of tax credits. The charity is calling for reductions to be placed on the amount of overpaid tax credits that can be recovered from a continuing award and for better use of Revenue discretion when it decides whether or not to recover an overpayment.

The new tax credits child tax credit and working tax credit were introduced in 2003 and aimed to deliver substantial new resources to families particularly families with children. Child tax credit is available for all families earning up to £50 000 after which an income taper is applied which reduces all entitlement. Working tax credit is for those with...

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