£300 Tax Credits cost of living payment due for 840,000 people over next 10 days

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£300 Tax Credits cost of living payment due for 840,000 people over next 10 days
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HMRC will make the payments to people on Working Tax and Child Tax Credits between November 10 and 19, 2023.

An estimated 840,000 households in receipt of Tax Credits and no other qualifying benefits will receive their £300 Autumn cost of living payment between now and November 19, 2023. HM Revenue and Customs is making the payments automatically to eligible Tax Credits claimants, so there’s no need for anyone to apply.

For Tax Credits-only customers to be eligible for the £300 cost of living payment, they must have received a payment of Tax Credits in respect of any day in the period August 18, 2023 to September 17, 2023, or later be paid in respect of any day in this period. Angela MacDonald, HMRC's deputy chief executive and second permanent secretary, said: "The £300 cost-of-living payment will deliver further financial support to eligible tax credits customers across the UK. Another payment will be made by spring 2024 to those entitled to receive it.

If people have not received the cost of living payment between the published payment dates, but believe they are eligible, they should wait until after November 20 to contact HMRC. This is to allow time for their bank, building society or credit union to process the payment.

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