If you no longer require tax credits and you would like to opt out of receiving them, you need to inform the government of this. You can do so by following the guide below.
If you would like to cancel tax credits for the current tax year you need to get in touch by the 31st July otherwise tax credits will carry on till the end of the next tax year.
Call The Tax Credit Helpline
The easiest way to get in touch with the government regarding opting out of receiving Tax Credits is to phone their Tax Credit helpline. You can call the tax credit helpline by dialing 0345 300 3900. Once on the phone to a member of the Tax Credit team you need to inform them of the changes to your circumstances that stop you from receiving Tax Credits. They will then inform you if it is possible to cancel your Tax Credits and whether this will cancel them for this tax year or the next tax year.
Cancel Your Tax Credits Online
You can go to the Gov.uk and contact the Tax Credit team using the online system. Using the online system you can report any changes in your circumstances. You will also need to input some personal and income information. The system will then be able to cancel your Tax credits for this tax year or next tax year depending on the day you submit the information.
Cancel Your Tax Credits Via Post
If you would prefer to cancel your Tax Credits by writing a letter to the Tax Credits PO Box, you can do so by writing a letter including some personal information such as full name and address and as well as the details of the change in your circumstances that mean you no longer need to receive tax credits. You then need to send your Tax Credits to the PO Box at:
Tax Credit Office, HM Revenue and Customs, BX9 1LR