Backdating working tax credit

15-Apr-2019 13:50

The WTC is complicated, but it comes down to how many hours a week you work and whether your income is ''low enough''.

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In the same way as with a reduction in income, you can either ask for the award to be reassessed during the year or wait for the end of year reconciliation by HM Revenue and Customs.However if you wait until the end of the tax year you may have an overpayment which is likely to be recovered.