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Self employed and Tax credits
estelle123
Posts: 446 Forumite
My OH is SE and we are looking to claim childtax credits.He has about £1,000 per month expenses,will this be taken into account when claiming,and do we just use the same figures as we used on his tax return.
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Comments
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You use the figure that is net of his expenses so if he has a turnover of £50000 but expenses of £12000 his taxable profit is £38000 and this is the figure you use for tax credits0
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