Jennifer Lopez is hard at work promoting her new Netflix movie!
19.04.2023 - 12:29 / dailyrecord.co.uk
HM Revenue and Customs (HMRC) has announced that it has written to over one million people on Tax Credits advising them about the upcoming £301 cost of living payment, due to start arriving in bank accounts between May 2 and 9, 2023. Letters are expected to arrive between April 19 and 24 and will confirm whether a claimant is due the first part of the £900 means-tested cost of living support.
The letter also outlines the payment schedule which remains unchanged - £300 in the autumn and £299 next spring - with further details on exact payment windows and eligibility to be released nearer the time. If claimants are eligible and receive Working Tax Credits or Child tax Credits along with a qualifying benefit from the Department for Work and Pensions (DWP), it will be paid between April 25 and May 17.
Payments from HMRC are for those on Tax Credits-only and will appear in bank statements or accounts as ‘HMRC COLS’.
HMRC said people do not need to do anything to receive a payment. If they are eligible, payment will be made automatically into the bank account where they receive their Tax Credits - they do not need to contact HMRC or apply for the payment.
But it warned that receiving this letter or a previous Cost of Living Payment, doesn’t guarantee a customer will be eligible for this or future payments. They must meet the separate eligibility criteria for each payment, as published on GOV.UK here.
Anyone who believes they are eligible but do not receive a letter or payment, they should wait until after May 16 to contact HMRC. This is to allow time for their bank, building society or credit union to process the payment.
To receive the first 2023-24 payment from HMRC, people must have received a payment of Tax Credits on any day
Jennifer Lopez is hard at work promoting her new Netflix movie!
More than seven million households across the UK have now received a £301 cost of living payment directly from the Department for Work and Pensions (DWP). A ‘small number’ of payments have still to be made and will continue until May 17, 2023.
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The Department for Work and Pensions (DWP) has issued an update after their cost of living payments were paused during last week's bank holiday weekend.
More than one million people in receipt of Tax Credits from HM Revenue and Customs (HMRC) are set to receive a cost of living payment worth £301 from Tuesday, May 2. The first part of the £900 means-tested support package for those on Working Tax Credits or Child Tax Credits will be paid until May 9, 2023.
The Department for Work and Pensions (DWP) has issued an update on how many cost of living payments have been made so far.
HMRC has warned that more than a million benefits claimants will need to take action or they will have their payments stopped this summer. Those who claim tax credits will receive a renewal pack from the government department between Tuesday, May 2 and Thursday, June 15.
Benefit claimants all across the country will have begun to see the first Cost of Living payment of the year land into their bank accounts today.
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The Department for Work and Pensions (DWP) will soon issue its first wave of Cost of Living payment for 2023.
The Department for Work and Pensions (DWP) has confirmed scheduled payments including State Pension, Universal Credit and Carer’s Allowance which are due on the May Day bank holiday next Monday will land in bank accounts this Friday, April 28. Payments from HM Revenue and Customs (HMRC) such as Child Benefit and Tax Credits will also arrive early.
The May Day bank holiday falls on Monday, May 1 and payments delivered by HM Revenue and Customs (HMRC), including Working Tax Credit, Child Tax Credit, Child Benefit and Guardian’s Allowance, due on that date will be made early next week instead. The Department for Work and Pensions (DWP) is also expected to announce similar changes soon.
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A wave of bank holidays in May means a variety of benefit payments will be issued on different days than usual.
More than seven million households across Scotland, England and Wales are set to receive a £301 cost of living payment from next week from the Department for Work and Pensions (DWP). However, updated guidance clarifies who will receive the first part of the £900 means-tested payment, even if they have a ‘nil’ award.
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Millions of Brits will receive a cash boost from the Department for Work and Pensions (DWP) next week in the form of the first cost of living payment.
Millions of households are set to receive a £301 cost of living payment from next week as part of the UK Government’s £900 support package for those on means-tested benefits. The Department for Work and Pensions (DWP) will make payments to some 7.2million households across Great Britain, including 686,000 in Scotland, between April 25 and May 17, 2023.
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The Department for Work and Pensions (DWP) recently announced that the £301 cost of living payment will land in more than eight million bank accounts between April 25 and May 17, 2023. However, it is important for people on DWP benefits to be aware that not everyone will qualify for the first part of the £900 means-tested cost of living financial support.