Tax Credit Overpayments 16 Apr 2014 Gemma Latest News, Tax No comment From April 2016, half of an on – going tax credit award will be taken to recover an earlier overpayment if the household income is more than £20,000 a year. It is estimated that this will raise £35 million in 2016/2017 and £5 million in 2017/2018 Related posts: Corporation Tax Rates 2012/2013 Personal Allowances 2012/2013 2013 – 2014 INCOME TAX RATES Unfair Dismissal Update 2013 – 2014 Age Related Allowances