Jump to content

Recommended Posts

I would never assume tax departments are working together and would always play it safe.


You should call the tax office and ask them about your personal circumstances and what you personally need to complete/ submit.


I would certainly say you have to inform tax credit of your income details - regardless of completing a Self Employment return.


This aside, tax credit will want to know of any changes to your income, whereas the assessment is an annual position (cumulative).

Don't assume tax credit linked to SA and also, because SA is "behind" (ie requirement to file returns for year end April not until following Jan) you can get into a terrible mess if you follow SA deadlines. Generally its best to report estimated incomes as accurately as you can at whatever point you can or you may end up being overpaid a huge amount of money. If you give estimates as soon as you know (near the year end if you can, or earlier if you detect a likely big change in your annual income)and then confirm once you file SA you should be ok. They seem to be able work very well with this method.


New Universal Credit (tax credits, housing benefit and any other "working" benefits) rules will mean the self employed will have to file monthly returns. There's also a proposal that self employed people, irrespective of their benefits status will have to file quarterly returns.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Latest Discussions

    • I’m basing it on the fact that Jeremy Corbyn had repeatedly and on record said he is against mandatory vaccinations in any situation, and he wouldn’t disclose wether he had the Covid vaccine himself    as I said. Not as bad as his brother but very definitely a bit weird about the whole thing. Just say you had the vaccination Jeremy, say that everyone should and stop being weird in the middle of a global pandemic    it’s the same slippery evasive nonsense about Brexit and him. About Putin poisonings and him.     if you are happy with his evasiveness then you do you.  But there is a reason the country wouldn’t get behind him 
    • It was my understanding that Jeremy Corbyn was embarrassed by his brother and had distanced himself from his brother's views. I'm sure someone will correct me if I'm wrong. Why on earth should "the overall view of that family inform Jeremy's response to the pandemic"? What exactly are you basing that assumption on?
    • I guess it's best to do what most Brits do these days, keep your head down and say nothing! although that's probably why this country is in the mess it is today!  😞
Home
Events
Sign In

Sign In



Or sign in with one of these services

Search
×
    Search In
×
×
  • Create New...