1million eligible claimant families receiving tax credits and no other means-tested benefits will get the first 2023-24 Cost of Living Payment from Tuesday 2nd May, HM Revenue and Customs (HMRC) has confirmed.
The £301 government payment will be paid automatically into most customers’ bank accounts between Tuesday 2nd and Tuesday 9th May 2023 across the United Kingdom. Only eligible families who receive tax credits and no other means-tested benefits will receive the payment from HMRC.
This is the first of 3 payments totalling up to £900 for those eligible in 2023-24.
Angela MacDonald, HMRC’s Deputy Chief Executive and Second Permanent Secretary, has said:
“The £301 Cost of Living Payment will deliver vital financial help to eligible tax credit customers across the UK. Further support will be paid in autumn 2023 and spring 2024 to those entitled to payment.
“HMRC will pay eligible tax credit customers automatically and with no action required from the customer, to make this as simple and helpful as it can possibly be.”
The payment will show as ‘HMRC COLS’ in customers’ bank and building society accounts, so that they know the money is cost of living support.
For tax credit-only customers to be eligible for the £301 Cost of Living Payment, they must have received a payment of tax credits in respect of any day in the period 26th January to 25th February 2023, or later be found to have been entitled to a payment for this period. Eligible customers do not need to apply or contact HMRC to receive the payment.
The Department for Work and Pensions (DWP) recently announced that eligible households receiving DWP means-tested benefits will receive their first 2023-24 payment between Tuesday 25th April and Wednesday 17th May. This includes tax credit claimants who also receive other income-related benefits from DWP.
With all the money the Government is giving away, it would
have been a much better idea if everyone’s council tax bill was reduced.
All persons are affected by the current economic climate, not just persons
on benefits.
Yes Mate, and help the working man for a change.
mlnimum wage just went up by 92p per hour that helped working people like me. unless you think they should give more money to the highest wage people.
They Don’t care about the working man or woman etc
The whole country should go on strike, that will solve the problem
https://www.gov.uk/guidance/cost-of-living-payments-2023-to-2024
here is the list of entitlement and when it will be paid
Yet again, NOTHING for the workers. If you work for a living your bills don’t increase then….. ??
A million people claiming benefits on the island? Seems like the Pennyfeathers nightmare is already here.
I’m working and broke and have not yet received my final electric bill credit refund as British Gas are “updating their system”. Had 3 x promises of it coming but still nothing. Anyone else had this issue with British Gas?
Those already claiming free handouts and houses getting all this money to blow on snort and swill. Bugger all help for those struggling on shit wages and a life time mortgage. Government idiots got it arse about face yet again
Anyone copped on yet as to why the government are prioritizing all the ones already on benefits and free housing and handouts for the best of even more free cash to blow on snort and swill? They are keeping them sweet and getting them to believe what a great party they are for giving them all this free money so that they will get their votes. They know they will loose our votes for crapping on us and robbing us of our benefits and pensions