Tax credits help

shellhills

Im self employed when my tc renewal comes through im unsure as to what i give as my income. Do i give them what i made this year or my profit once my expenditure has been taken off?

I just want to make sure i do it right as dont want to end up owing them loads of money!!

Thanks

nannytone_2

ypur profit

pipscot

shellhills wrote: »

Im self employed when my tc renewal comes through im unsure as to what i give as my income. Do i give them what i made this year or my profit once my expenditure has been taken off?

I just want to make sure i do it right as dont want to end up owing them loads of money!!

Thanks

You give them the same figure as you put on your tax return - i.e. your net profit (subtract your expenses from your takings).

shellhills

Oh my godness ive taken loads of extra courses this year so havent made much profit at all!! and as they go by last year theres about £2000 difference. Does that mean i may some money back from them?!!!