Frank Field – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Frank Field on 2015-12-02.

To ask Mr Chancellor of the Exchequer, how many of the tax credit claims amended by Concentrix in 2014-15 resulted in a reduced tax credit award; and what the (a) smallest, (b) largest and (c) average value was of the reduction in such cases.

Mr David Gauke

5,244 tax credit claims that were investigated by Concentrix in 2014-15 resulted in the award being amended. Not all amendments changed the value of the award to the claimant. For example recording a change to the claimant’s income is an amendment to the award that does not always change the amount of the award.

There were 3,114 tax credit awards amended with a financial impact. The smallest amendment was £184, the largest amendment was £19,369 and the average reduction was £2,698.