Unsure about a tax credit

[badgambler]

I've been receiving a tax credit for "other company investment loan"

Never applied for it, don't think I should have it either. What should I do.

 

[MsGinger]

You will have to get in contact with Revenue and if you have received it in error, unfortunately it will have to be paid back. However, the revenue will let you pay it back over a period if necessary.

 

[bazermc]

I've been receiving a tax credit for "other company investment loan"

Never applied for it, don't think I should have it either. What should I do.

Is it much? how long have you been getting it?
You could argue it's revenues mistake and that you should not have to pay it back!!!!!

 

[Ham Slicer]

You could argue it's revenues mistake and that you should not have to pay it back!!!!!

Not going to happen.

Call Revenue and ask them to remove it. Don't mention previous years if it was there also. Just tell them you don't qualify for it this year.

Depending on how much it is they will collect at end of year or by reducing your tax credits over 1 - 3 years.