Tax Credit Annual Assessment - Why do they want full figure for tax year?

[Peepo]

I have a question about the annual assessment for working families tax credits.

I had a claim running last year that I cancelled in October as my earnings went above the threshold.

I now have a form for annual assessment 2014/2015 and they are asking for my income for the full tax year.

What I want to know is why they need to know the full year? As far as Im concerned I ended my claim in October and my finances from that point onwards is none of their damn business.

I get really sick of these government agencies prying into my finances & thought that when I ended my claim I would finally be free of these people.

[blondebubbles]

Because your claim is based on what you earn for the full tax year.

 

This is the same for everyone who claims.

 

This will allow them to check what you were paid was correct and calculate any under/overpayments.

 

If employed they will also get the pay details via RTI (Real Time Information).