Tax credits help
Farmerswife
Registered Posts: 6 New contributor 🐸
Does anyone know when the new income ignored limit is taken into account? in 2010/11 its £25,000 and then 6th April 2011 it drops to £10,000. So the tax credits my client is receiving this year are based on the previous years income (2009/10) and then when the annual renewal is competed by july 2011 is the income ignored £25k or £10k ie can he earn upto £25k more this year and still received the tax credits based on the lower income of the previous year.
0
Comments
-
I take it to mean that if the 2010-11 income is up to £25k more, it's disregarded and that if the 2011-12 income is up to £10k more it's disregarded.
However I don't know, and do need to find out for sure...0
Categories
- All Categories
- 1.3K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 390 NEW! Qualifications 2022
- 174 General Qualifications 2022 discussion
- 16 AAT Level 2 Certificate in Accounting
- 78 AAT Level 3 Diploma in Accounting
- 114 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 276 VAT
- 96 Software
- 281 Tax
- 148 Bookkeeping
- 7.2K General accounting discussion
- 211 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 589 Job postings
- 16 Who can benefit from AAT?
- 37 Where can AAT take me?
- 43 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 24 Apprenticeships
- 67 AAT membership