
Act now to continue receiving tax credits, says HMRC
Workers and self-employed business owners who claim tax credits, Child Benefit or Guardian’s Allowance have just one month left to switch their Post Office card account, it has been warned.
HM Revenue & Customs (HMRC) said it will stop making payments to Post Office card accounts after 05 April 2022.
It comes after the tax authority extended the deadline to the end of the financial year, giving recipients extra time to set up new accounts and provide HMRC with updated bank details.
According to the report, nearly 138,800 customers have already switched their accounts and notified the department.
But around 7,500 are still receiving payments via their Post Office card account, meaning they should act quickly to continue receiving benefit payments.
How to switch
Taxpayers can use their Personal Tax Account, the tax credit hotline (0345 300 3900), or visit this page to switch accounts and provide their new account details.
“Don’t miss out”
Commenting on the notice, Myrtle Lloyd, HMRC’s Director General for Customer Services, said: “We want to make sure that no customer misses out on the benefit payments they are entitled to. If you still need to switch your Post Office card account, contact HMRC to update your bank account details by 05 April.”
Get advice today
For help and advice with related personal tax matters, please get in touch with our team today.
Leave a Reply
Cancel reply
Leave a Reply
Social

Recent Posts
- How do Companies House address suppression changes impact company directors?
- VAT fraud – Avoid getting caught out by phishing attacks
- Why an apprenticeship in accountancy could be your best career move
- Are you missing out? The deadline to boost your State Pension is approaching
- Millions miss Self-Assessment deadline – A reminder to prepare for 2026
Archives
- February 2025
- January 2025
- December 2024
- November 2024
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
Categories
- Accountancy
- Accounting
- Agriculture
- Apprentices
- Asset and Wealth Management
- Ben Allen
- Blog
- Blogs
- Bookkeeping
- Brexit
- Budget
- Business
- Business Advice
- Business Advice News
- Business Blog
- Business News
- Business Start-ups
- Capital Allowances
- Cash Flow
- Cash flow management
- Charities
- Corporate Tax
- Corporation Tax
- Covid-19 Home working and expenses
- Economy
- Employees
- Employment
- Employment and payroll
- Family Businesses
- Finance
- Financial News
- Financial Planning
- Fraud
- Funding
- Government Funding
- Grants
- Guide
- HMRC
- Home working and expenses
- Income Tax
- Inflation
- Inflation / Interest Rates
- Inheritance
- Insurance
- Investment
- Latest Business News
- Latest News
- Legal
- leisure and hospitality
- Loans
- Making Tax Digital
- Money
- MTD
- News
- PAYE
- Payroll
- Pension
- Pensions
- Personal Tax
- Personal taxes and finances
- Property
- Property News
- R&D
- Redundancy
- Scam
- Self Assessment
- Self Employed
- SME
- SMEs
- SMEs / Business
- Start ups
- Tax
- Tax Blog
- Tax News
- Tax Planning
- Tourism
- Uncategorized
- VAT
- VAT and MTD
- VAT deferral
- Wages
- Wealth Management