01223 810100

Tax credits

January 24, 2012

If you are self-employed you may well have renewed your tax credit claim for 2011/12 using estimated profit figures from your business accounts taxed in 2010/11. Such estimates must be revised to actual and provided to the Tax Credit office by 31 January 2012. Where the actual figures are lower or even a loss, you may be due more tax credits. If the estimate is left in place and HMRC enquire into the claim, overpaid tax credits could be clawed-back. 

CLICK HERE - Final figures needed for tax credit claims

CKLG Accountants in Cambridge are here to help.