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  • FIRST POST
    • tranmereforever
    • By tranmereforever 19th May 17, 10:57 AM
    • 796Posts
    • 2,062Thanks
    tranmereforever
    Tax credit question
    • #1
    • 19th May 17, 10:57 AM
    Tax credit question 19th May 17 at 10:57 AM
    Currently me and my OH work pt each and are eligible for tax credits

    I am due to start a new job on July 1st which is full time and on £26000 per year

    I am right in saying that for the renewal I have been sent I say no changes as was for the previous year

    Then when I start the new job do I notify at the end of the financial year or when I start the job?
    July 2015 Wins- Shaun The Sheep Goody Bag, 4x Books

    Year to date: £786

    Total to date ( Since 2008 ) = £37,345
Page 1
    • Darksparkle
    • By Darksparkle 19th May 17, 11:09 AM
    • 4,274 Posts
    • 2,720 Thanks
    Darksparkle
    • #2
    • 19th May 17, 11:09 AM
    • #2
    • 19th May 17, 11:09 AM
    You should report the new estimate for 2017/18 asap.

    You can then call and confirm the new work details when you start.
    • tranmereforever
    • By tranmereforever 19th May 17, 11:30 AM
    • 796 Posts
    • 2,062 Thanks
    tranmereforever
    • #3
    • 19th May 17, 11:30 AM
    • #3
    • 19th May 17, 11:30 AM
    Oh thanks, I thought I only did that when I started the new role

    Will sort that next week then
    July 2015 Wins- Shaun The Sheep Goody Bag, 4x Books

    Year to date: £786

    Total to date ( Since 2008 ) = £37,345
    • Darksparkle
    • By Darksparkle 19th May 17, 12:00 PM
    • 4,274 Posts
    • 2,720 Thanks
    Darksparkle
    • #4
    • 19th May 17, 12:00 PM
    • #4
    • 19th May 17, 12:00 PM
    The won't be able to update the employer until it starts but you can update yor income at anytime because it's the income for the full tax year you give.
    • Caz3121
    • By Caz3121 19th May 17, 12:29 PM
    • 10,501 Posts
    • 6,891 Thanks
    Caz3121
    • #5
    • 19th May 17, 12:29 PM
    • #5
    • 19th May 17, 12:29 PM
    also, due to tax credits working in full tax years, it may be worth putting aside the tax credits received from April as, depending on your circumstances you may not qualify in the current tax year so may have to pay all or some back
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