working tax credits changes for self employed from 6th April 2016

[Pixie]

Re: working tax credits changes for self employed from 6th April 2016

Happy to hear it S2M

[Spent2much]

Re: working tax credits changes for self employed from 6th April 2016

We never had to send any proof in and our claim was fine

[Pixie]

Re: working tax credits changes for self employed from 6th April 2016

I have been reading some comments about this and one person phoned the wtc and they were told that they should just send them what they can but things are much stricter now .

sxguy and pixie were right

Thank you S2M

[Spent2much]

Re: working tax credits changes for self employed from 6th April 2016

I have been reading some comments about this and one person phoned the wtc and they were told that they should just send them what they can but things are much stricter now .

sxguy and pixie were right

[Spent2much]

Re: working tax credits changes for self employed from 6th April 2016

I can't open your link S2M.

same here just tried it and it appears to have been removed .

[Spent2much]

Re: working tax credits changes for self employed from 6th April 2016

have you got Open Office from Free downloaded?

That is an option i will do it

[Pixie]

Re: working tax credits changes for self employed from 6th April 2016

it gets worse for self employed

https://word.office.live.com/wv/Word...eductions.docx

I can't open your link S2M.

[SXGuy]

Re: working tax credits changes for self employed from 6th April 2016

The appeal was rejected on the basis that there wasn't enough evidence supplied to show the defendant worked in order to obtain an income.

[The Tech Clerk]

Re: working tax credits changes for self employed from 6th April 2016

have you got Open Office from Free downloaded?

[Spent2much]

Re: working tax credits changes for self employed from 6th April 2016

i can't open the attachment i don't have office and i can't afford to buy it , any chance of you copying it and posting it please Enforcer ?

[Enforcer]

Re: working tax credits changes for self employed from 6th April 2016

CTC 2033 2015-00.docLooks like Dept of work & pensions are now trying to re-claim working tax credits. Hope the attachment works.

[Spent2much]

Re: working tax credits changes for self employed from 6th April 2016

Our house a semi with four bedrooms and two bathrooms no garage, the house joined to us is a three bed one bathroom with garage , we're Band B they're band A .

We're the first two semi's on the Road the rest are terraced houses, but i don't understand why ours in band B .

Recommendation(s)THAT:a) the following revisions to the CTR scheme be approved:i. reduce the maximum level of CTR subsidy from 84% to 80% for certainclaimants;ii. protect CTR at 84% where the claimant is in receipt of either severedisability premium or carers allowance, or households with a childunder the age of five;iii. a claimant who lives in a property above band C would have their CTRcapped at 80% of a band C equivalent property in their parish;iv. the amount of capital, excluding property, above which claimantscannot claim CTR be reduced from £16k to £6k andb) the revised CTR scheme is implemented for the financial years 2016/17 and2017/18.

[Spent2much]

Re: working tax credits changes for self employed from 6th April 2016

Angers me this does. Give you a working example of why it's unfair. Say your self employed and work from home. You claim mortgage interest which reduces your net profit. Dwp will take net profit to work out if you qualify for wtc. Now say you was employed, mortgage interest would be paid after your gross pay but dwp would assess you qualify based on gross pay. This is where I feel it's unfair. Allowable expenses may well reduce your tax liability however some expenses would be paid out regardless of employment type and to me that says they should not be included in the assessment.

Yes it angers me too ,this is what i read on our councils website

The approved recommendation also included:
Restricting the maximum level of entitlement to the rate of a Band B property;

We are band B , not sure how to take this any ideas ?

[SXGuy]

Re: working tax credits changes for self employed from 6th April 2016

Angers me this does. Give you a working example of why it's unfair. Say your self employed and work from home. You claim mortgage interest which reduces your net profit. Dwp will take net profit to work out if you qualify for wtc. Now say you was employed, mortgage interest would be paid after your gross pay but dwp would assess you qualify based on gross pay. This is where I feel it's unfair. Allowable expenses may well reduce your tax liability however some expenses would be paid out regardless of employment type and to me that says they should not be included in the assessment.

[SXGuy]

Re: working tax credits changes for self employed from 6th April 2016

Of course. Sadly though you need to weigh up the benefit of wtc against any tax liability you would incurr due to raising net profit. Can't see that working.