Tax Credits

recasted

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Jun 22, 2011
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Hi,
Just gone Self Employeed Private Hire Taxi after several years unemployeed.

After starting work, how would Working Tax Credits affect me and would I get a return of any sort, starting out Aug 2011.

Dont complicate, keep it basic please,

recasted
 
Whether you can claim working tax credits will depend on your circumstances.


Assuming that you will usually work for 16 hours/week or more and expect to work for at least four weeks, you need to be one of the following to qualify:
  • aged 16 or over and responsible for at least one child, or
  • aged 16 or over and disabled, or
  • aged 25 or over and usually work at least 30 hours a week
  • aged 50 or over must have been unemployed and in receipt of benefits for 6 months leading up to the claim and work 16 hours per week or more
  • aged 60 or over and work 16 hours per week or more
The following link leads to a questionnaire which can tell you if you qualify, gives an estimate of the amount you may receive, and has contact details for requesting a claims pack.

http://taxcredits.hmrc.gov.uk/HomeNew.aspx
 
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Hi,

Excellent explanation. Wondering if Im in reciept of Disabiltiy Living Allowance, will that continue when I start my Self Employment and on WTC issue, being divorced, would I qualify for both Basic Element of Working Tax Credit and the Disability Element also? Im not physically disabled but a slow learner or mentally challanged I believe is the new term.

Thank you,

recasted
 
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