ICAEW.com works better with JavaScript enabled.


HMRC reminds self-employed taxpayers about the end of tax credits


Published: 13 Dec 2023 Update History

On 6 December 2023, HMRC emailed self-employed taxpayers who are still claiming tax credits to remind them to check their tax credit and self assessment records in advance of migrating to universal credit.

After many years, the end of tax credits is in sight. By the end of the 2023/24 financial year, HMRC plans to have migrated all those claiming solely working tax credit and/or child tax credit to universal credit. Additionally, HMRC plans to have completed the remaining moves of those on tax credits by the end of the following 2024/25 financial year.

Tax credit claimants are advised of their planned migration date in a migration notice letter. This notice sets out what they need to do to make the transition from claiming tax credits to claiming universal credits, as their claim will not be moved automatically.

In some cases, however, claimants may be better off claiming universal credits rather than tax credits. Specialist benefits advice should be sought before deciding to migrate voluntarily as this is not always the case and transitional protection may be lost.

In the meantime, self-employed tax credit claimants are being asked to check that the information on their tax credit record is correct and up-to-date. The email includes links to HMRC’s online tax credits portal and app. Claimants are also reminded to file their self assessment tax return for the tax year 2022/23 by 31 January 2024.

As in previous years, anyone who provided an estimate of their income from self-employment in 2022/23 when renewing their tax credits has until 31 January 2024 to change that estimate to the actual figure. 

Finally, links are provided to various sources of help including HMRC’s YouTube channel and self assessment online portal.


Read more:

The Tax Faculty

ICAEW's Tax Faculty is recognised internationally as a leading authority and source of expertise on taxation. The faculty is the voice of tax for ICAEW, responsible for all submissions to the tax authorities. Join the Faculty for expert guidance and support enabling you to provide the best advice on tax to your clients or business.

More support on tax

ICAEW's Tax Faculty provides technical guidance and practical support on tax practice and policy. You can sign up to the Tax Faculty's free enewsletter (TAXwire) which provides weekly updates on developments in tax.

Sign up for TAXwireJoin the Tax Faculty

More from the Tax Faculty

Latest news
Making tax digital image

Stay up to date with the latest developments in tax by signing up to the Tax Faculty's weekly e-newsletter

Practical guidance

Comprehensive support for Tax practitioners each month from the Tax Faculty and expert contributors.

Technical support
Tax Faculty image

Expert advice from the Tax Faculty's technical managers on all the developments in tax policy and practice.

Open AddCPD icon

Add Verified CPD Activity

Introducing AddCPD, a new way to record your CPD activities!

Log in to start using the AddCPD tool. Available only to ICAEW members.

Add this page to your CPD activity

Step 1 of 3
Download recorded
Download not recorded

Please download the related document if you wish to add this activity to your record

What time are you claiming for this activity?
Mandatory fields

Add this page to your CPD activity

Step 2 of 3
Mandatory field

Add activity to my record

Step 3 of 3
Mandatory field

Activity added

An error has occurred
Please try again

If the problem persists please contact our helpline on +44 (0)1908 248 250