Employed plus new self employment - tax credits?

lovemonies

Hi! I have a question about tax credits that I've been trying to figure out but can't find a simple answer in the places I've looked online.

Here's my situation:

- Employed full time (37h/wk)
- Want to start a small business/self employed, working only a few hours a week at first
- Receive CTC and WTC currently

My question is - when I call HMRC to advise I'm now also self employed too, and provide an updated income figure for the year, do I estimate my profit from my SE earnings from now-31 March 2016? Or is that figure zero?

I found on the Gov.uk website this:
"If you’ve just started out and your business had no income in the last tax year, leave ‘income from self-employment’ blank." (source: gov.uk/guidance/tax-credits-working-out-income) BUT don't want to have got it all wrong, provide 'zero' as my SE estimate to cover until 1st Apr '16, and owe money to HMRC.

I'm in a bit of a muddle and confused by it all so thank you so much if you know the answer or where to find it. Thank you!

Darksparkle

What you have quoted is referring to last tax year not this year as it is referring to a completed self assessment tax return.

You provide an estimate for this tax year (which ends 5th April 2017). If that estimate is zero then that's what you provide.

lovemonies

That makes sense, thanks!