Skip to content
Solved
SearchBrowse
Sign in

Contents

Official guidance
Tax Credits Manual

TCM0232000 · Payment - payment profile

  • TCM0232020 · Payment profile - accounting (Info)
  • TCM0232040 · Payment profile - award entitlement (Info)
  • TCM0232080 · Payment profile - direct payments schedule (Info)
  • TCM0232160 · Payment profile - family regular payment day (Info)
  • TCM0232180 · Payment profile - general (Info)
  • TCM0232200 · Payment profile - how payments are profiled (Info)
  • TCM0232220 · Payment profile - nil awards (Info)
  • TCM0232240 · Payment profile - payment frequency (Info)
  • TCM0232260 · Payment profile - payment method (Info)
  • TCM0232280 · Payment profile - payment schedules (Info)
  • TCM0232320 · Payment profile - recipients (Info)
  • TCM0232340 · Payment profile - rounding difference (Info)
  • TCM0232360 · Payment profile - suspended payments (Info)
  • TCM0232380 · Payment profile - underpayments and overpayments (Info)
  1. Payment - payment profile: contents
  2. Payment - payment profile: Payment profile - nil awards (Info)

TCM0232220 | Payment - payment profile: Payment profile - nil awards (Info)

From HM Revenue & Customs · Tax Credits Manual

Where a family is entitled to a single tax credit, the award will be treated as a nil award if the amount due is less than a set amount, currently £26.00 yearly.

Tax credits will not be payable if a family is entitled to

  • one tax credit and the total amount due is less than the set amount

  • more than one tax credit and when both of these tax credits are added together the amount due is less than the set amount.

However, tax credits will be payable if a family is entitled to more than one tax credit, and

  • when all tax credits added together, are above the set amount

  • one or all of the tax credits awarded is below the set amount, yet when added together, they are over the set amount.

Note: This still applies if one of the tax credits is paid to a different customer and that tax credit is below the set amount.

PreviousNext
PrivacyTerms