Tax credits are welfare benefits and do not enter into any calculation of taxable income. They are dealt with by HMRC and are means tested by reference to a claimant’s annual income.
If you are self employed and claiming welfare benefits it is absolutely vital that HMRC are working with accurate information. We can help you properly measure your taxable income and on a timely basis.
Please contact us and ask for additional information on any of the following topics:
- Child tax credit and working tax credit
- An introduction to the tax system for the self employed
- Pension credit
- Separation and divorce