Tax credits and self employed

fkelanne

Hi all, me and my partner are talking about moving in together.
When doing a benefit checker would I put in his income with all earning or do I take off his expenses?
Thanks

HappyMJ

fkelanne wrote: »

Hi all, me and my partner are talking about moving in together.
When doing a benefit checker would I put in his income with all earning or do I take off his expenses?
Thanks

You put the gross profit figure down which is income minus expenses. It's the figure before tax and national insurance payments have been calculated from.

densol_2

HappyMJ wrote: »

You put the gross profit figure down which is income minus expenses. It's the figure before tax and national insurance payments have been calculated from.

I think happy meant to say its " net profit " that goes down ( net profit before tax and NI ) .... But ... Tax credits take the figure you submit to HMRC for self assessment and that could include annual investment allowance etc - However things like housing benefit are more picky about what constitutes an expense and dont always allow everything that tax credits do. Its quite complex.