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tax credits and a sole trader

NigelP started this topic @ 21:29 on 07/01/2008

Hi, could anybody give an insight to tax credits and being
self empolyed. I've been told that they take your turnover into account when assessing you not just your earnings, is this so?

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RE: tax credits and a sole trader

#219205

apr | 20/01/2008 10:34 PM

Hi Nigel,

Your information is incorrect as it is your net profit that they take into account not turnover.

Andrew
------------------------

Andrew Ripley CAT ACMI MIMI
http://www.onestopbusinessadvisers.co.uk
One Stop Business Advisers Limited
Chartered Accountants
Tel: 07900 404 702
Fax: 0871 7143 259

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