occasional self employed work while claiming WTC

kirei

If I'm claiming WTC while on maternity leave, and I do occasional self employed work (which I declare for income tax on a tax return) do I have to ring the WTC people each time I earn anything extra? It's like £10 one week, nothing another, then maybe £20 another week, so hardly anything, or will they just do an adjustment when they get to the end of the tax year and get my tax return in? I want to make sure I only claim what I'm entitled to but it seems silly ringing them each week saying I just earned £10. I've only just started on maternity and WTC so I don't know how it works! I've heard something like if you earn £25,000 or less more than you expected you don't have to ring them, they just claim it back at the end or something. This is more like £200 over the year so nothing like that sort of amount, so can someone advise please? Thanks!!!

HappyMJ

They'll adjust it next year. It's just like doing a bit of overtime you don't need to ring them every time. Anyway, you will have expenses that you can offset against the income that will reduce your profit.

kirei

That's good, I don't mind them adjusting it, I was just worried about getting into trouble for not ringing them each time, yes I suppose it is the same as doing overtime! Do they just adjust it automatically next year?

HappyMJ

kirei wrote: »

That's good, I don't mind them adjusting it, I was just worried about getting into trouble for not ringing them each time, yes I suppose it is the same as doing overtime! Do they just adjust it automatically next year?

Sort of. You give them preliminary figures to begin with then later once you have figured out your profit you can give them final figures then they will adjust it backdating the amounts that you have had with what you should have had readjusting the future payments or asking for the overpayment back.