People on Tax Credits to receive HMRC letter confirming £301 cost of living payment before next week
dailyrecord.co.ukHM 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.
Read more on dailyrecord.co.uk
