Tax Credits Stopped for 5 Weeks

notanewuser

From your other posts it seems your eBay business has been going for more than 2 years. This means you are/will be expected to pay yourself at least £200 a week (30x£6.50ish) from it. If you can't do that after 2 years its probably time to look at going something else.

claire16c

If youre not making any money from the business then surely you should be doing it alongside a normal job then, until you are? If it cant support you.

fluffnutter

claire16c wrote: »

If youre not making any money from the business then surely you should be doing it alongside a normal job then, until you are? If it cant support you.

This is what I thought. Do taxpayers really fund people to start up their businesses?? So anyone can play at any old wacky thing for a few years, knitting a few kittens or milking pigs to make cheese or something, and the state just gives you benefits so that you can plough all the money back into the business? Brilliant.

peachyprice

hollyh wrote: »

We are both self employed, I work 30hrs + but most of the money goes back into growing the business. Dp is usually working full time but there's been no work since before Christmas.

You can't afford to put money into 'growing the business'.

It's time you went out and got yourself a job and viewed this 'business' as a hobby, which is all that it is really if you still can't afford to pay yourself after two years.

hollyh

Yes I have reached that conclusion myself.

Amanda65

Can either / both of you sign on with a temp agency? When I temped I was weekly paid.

Also - and this is a genuine question not 'knocking' anyone - but how does a self employed person making no money 'prove' they work enough hours to claim tax credits?

nonnatus

Good Grief! I agree entirely with what Fluffnutter said!


I run my own business too and if I was making so little money (after TWO years) that I couldn't cover one months rent, I'd have given in many months ago. Your business is not sustainable. It is not a lifestyle choice - you need to get some money coming in!


I'm proper surprised that you've been getting Tax Credits to live on, so that you can continue to run a business that makes no money. What is the point? Genuinely interested in why you continue? And your partner ALSO makes no money from their business?

claire16c

fluffnutter wrote: »

This is what I thought. Do taxpayers really fund people to start up their businesses?? So anyone can play at any old wacky thing for a few years, knitting a few kittens or milking pigs to make cheese or something, and the state just gives you benefits so that you can plough all the money back into the business? Brilliant.

I only came across the fact some people do this since coming on Mse and reading posts about it!

It's ridiculous it's been allowed in the first place.

hollyh

The reason I continue is because it does make a small amount if money and this has been growing all the time. Maybe I'm living in hope that it'll all come good.

My partner has been working pretty much full time, sometimes seven days a week making money all year until just before Christmas when it all went dead.

We are both looking for different work.

browneyedbazzi

I've never claimed anything and I didn't grow up in the UK so I don't understand a lot about tax credits/benefits but I thought that tax credits were like a refund of some of the tax you had paid via PAYE. If you aren't drawing a salary and paying the tax in the first place how can you get tax credits?