ACCA reminds people to remember to renew their tax credits

ACCA (the Association of Chartered Certified Accountants) Ireland is reminding those who are eligible for tax credits to get their renewal in as soon as possible or risk losing their credits. The deadline for renewal is 31 July.

Brian McGuire, ACCA Ulster branch said: “Tax credits are there to help lower earners and the money received through tax credits can make a huge difference. It’s important you renew your application as soon as possible.

“If you do not renew your application or inform HMRC (Her Majesty’s Revenue and Customs) of any changes in circumstances you could receive the wrong amount or lose your credits completely. The onus is on the individual to tell HMRC so they can ensure you receive the correct amount. Failing to do so could land you in trouble with the taxman and leave you out of pocket.”

You can renew your tax credits online, visit http://www.hmrc.gov.uk/taxcredits/index.htm for more information.For further information please contact Shane Finnegan on 028 9066 3000ENDs

Notes to Editors1. ACCA (Association of Chartered Certified Accountants) is the global body for professional accountants. We aim to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.2. There are over 20,000 members and students in Ireland.3. We support our 154,000 members and 432,000 students in 170 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. We work through a network of over 80 offices and centres and more than 8,400 Approved Employers worldwide, who provide high standards of employee learning and development. Through our public interest remit, we promote appropriate regulation of accounting and conduct relevant research to ensure accountancy continues to grow in reputation and influence.4. Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. We believe that accountants bring value to economies in all stages of development and seek to develop capacity in the profession and encourage the adoption of global standards. Our values are aligned to the needs of employers in all sectors and we ensure that through our qualifications, we prepare accountants for business. We seek to open up the profession to people of all backgrounds and remove artificial barriers, innovating our qualifications and delivery to meet the diverse needs of trainee professionals and their employers.