Working Tax Credits!

[Deleted User]

The declared income must be before tax remember. Have you previously changed your estimated income throughout the year? If not the fact that the income has gone up be £5k shouldnt make a difference.

What I would say is that you should have given this information to TCO by the end of January. The adviser will not be able to update the information straight away, it will need to be referred to a processing dept.
And if that is your accounts just done there will also be penalties to pay through Self Assessment.

nova

subsoniccoyote wrote: »

The declared income must be before tax remember. Have you previously changed your estimated income throughout the year? If not the fact that the income has gone up be £5k shouldnt make a difference.

What I would say is that you should have given this information to TCO by the end of January. The adviser will not be able to update the information straight away, it will need to be referred to a processing dept.
And if that is your accounts just done there will also be penalties to pay through Self Assessment.

Thank you for answering,we did'nt phone and change the earnings through the year we didnt know you could do that, but have always informed them of other changes, children leaving college for instance, We have remembered the earnings are given before tax. just worried that l know WFTC will go down, but this year have been really struggling,l suppose it will go up again when 2007/8 accounts are done, so all will level out in the end?l could'nt give the info by the end of jan as they had to be checked again to make sure they were right and we had'nt forgot anything.
Thanks again.