HMRC announces date for the first Cost of Living payment during the 2023 to 2024 tax year, for tax-credits only customers.
One million eligible claimant families receiving tax credits, and no other means-tested benefits, will get the first Cost of Living Payment for the 2023 to 2024 tax year from Tuesday 2 May 2023, HM Revenue and Customs (HMRC) has confirmed.
More Tax Credit claimants will soon be asked to claim Universal Credit as the Government expands the movement of legacy benefit claimants to the modern benefit system.
From April, more benefit claimants on Tax Credits will need to complete their move to Universal Credit to streamline and simplify the benefits system
Affected claimants will receive letters notifying them of