Explore insightful perspectives and expert advice on finance

Home |Latest news |HMRC makes cost-of-living payments totalling £375 million

Latest news

Browse by category
Business News

HMRC makes cost-of-living payments totalling £375 million

September 13 2022

More than 1.1 million families in the UK have received cost-of-living payments from HMRC.

Between 2 September and 7 September, payments of £326 were made to eligible households.

The payments were made to tax credit-only customers' bank accounts. A second means-tested payment of £324 will be issued later this year – from the autumn for Department for Work and Pensions (DWP) benefit claimants, and from the winter for tax credit-only customers.

Other government support will be available to households to help with the rising cost of living. This support includes:

  • a £400 government discount to help with the cost of energy bills from October onwards
  • a £300 Pensioner Cost of Living Payment that will be paid alongside Winter Fuel Payments
  • a £150 Disability Cost of Living Payment from 20 September for those receiving an eligible UK disability benefit.

Angela MacDonald, Deputy Chief Executive at HMRC, said: 'This first cost-of-living payment... provides vital financial support for eligible tax credit-only claimants across the UK. A second payment will be made to eligible customers from the winter.

'The money will be paid automatically into bank accounts, so people don't need to do anything to get this extra help.'

Here to help

Please complete the form below and our expert team will be in touch.
  • Contact details

    • *
    • *
  • What services are you interested in?

    • *
  • Message

    • *
  • Which location would you like to contact?

  • Communication

    • *Indicates a required fields.At least one form of contact is required.

      By submitting this form, you agree that Attwoods can process your information in order to respond to your enquiry. For more information visit our Privacy Policy.

  • Xero Logo
  • Gold Partner Logo
  • Sage
  • QuickBooks Platinum

The practices of Attwoods are carried on by Attwoods Accountants Limited, Attwoods Business Services Limited, Attwoods (Bromsgrove) Limited. Regulated for a range of investment business activities by the Association of Chartered Certified Accountants.