Claiming child tax credit for self-employed

rednick

Probably being really thick, i get confused with this every year. Just done my husbands tax returns and i know the tax credit office will be asking for yearly profits, do i give them the amount before i've deducted his expenses or the amount after deducting expenses.

meno_2

i give them the amount i was taxed on, so after expenses

rednick

meno wrote: »

i give them the amount i was taxed on, so after expenses

Oh brilliant, so what about the personnal allowance, amount before that or after you've deducted the personnal allowance.

CIS

You declare the full taxable income. Tax credits always looks at Gross Taxable income rather than net income.

Violetta_2

I always thought it was the net profits. But don't know a lot about self employment. Just checked the website and it is net profits.