HM Revenue and Customs (HMRC) has revealed that approximately 730,000 individuals on Tax Credits will receive their annual renewal pack in the post before June 19. However, not everyone will need to act upon this.

HMRC stated that the majority of Tax Credit claims will be automatically renewed – these will be the notices with a black stripe on them – while those who receive a notice with a red stripe will need to renew.

Nonetheless, it is estimated that around 10,000 people will need to verify…