Ended my business , ended working tax credits

dankerrysmum

I've just ended my sole trader business on the Hmrc website , I've told tax credits I've stopped work and no longer claim wtc , is there anyone else I need to inform ? I'm now looking for some work , the whole thing about the new criteria for self employment was doing my head in and frankly isn't worth it ! I'll try and get by on my child tax credits until I find something , can't be that hard and a lot less hassle than all this

dankerrysmum

Anyone any advice ? Or who else I need to inform?

NYM

I don't know who else you'd need to notify :think: Housing Benefit/CT ? It might increase

What happened with the seasonal work ? :huh:

Icequeen99

dankerrysmum wrote: »

I've just ended my sole trader business on the Hmrc website , I've told tax credits I've stopped work and no longer claim wtc , is there anyone else I need to inform ? I'm now looking for some work , the whole thing about the new criteria for self employment was doing my head in and frankly isn't worth it ! I'll try and get by on my child tax credits until I find something , can't be that hard and a lot less hassle than all this

You should receive 4 further weeks of working tax credit which will buy you some time to find something else.

IQ

dankerrysmum

so sick of it all , just want a straight forward job , even jst a few hours a week ,seasonal work was cash in hand and I'm terrified of getting into trouble if that's illegal,can't be doing with the worry if my business fitted the criteria of new wtc rules and possible penalties etc , 4 weeks payment will be handy to tide me over

dankerrysmum

Oh forgot to ask about the lone parent element , would I get that ? I received it before x

Icequeen99

dankerrysmum wrote: »

so sick of it all , just want a straight forward job , even jst a few hours a week ,seasonal work was cash in hand and I'm terrified of getting into trouble if that's illegal,can't be doing with the worry if my business fitted the criteria of new wtc rules and possible penalties etc , 4 weeks payment will be handy to tide me over

Payment by cash isn't illegal. If they are doing it without a contract of employment, without payslips and not putting it through the books then that is a problem.

But the actual payment by cash isn't a problem.

IQ

NYM

As IQ says...being paid in cash is entirely legal, but cash in hand generally means no payslips/contract. and that won't help you get WTC

dankerrysmum

It's cash in hand , no contract , no wage slips , not touching it with a barge pole ! Want to sleep again at night lol