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    • adam81
    • By adam81 13th Jan 18, 8:30 PM
    • 231Posts
    • 59Thanks
    Tax Credits - New Situation
    • #1
    • 13th Jan 18, 8:30 PM
    Tax Credits - New Situation 13th Jan 18 at 8:30 PM
    I'm due to start a new job soon which will be a fairly significant drop in pay over my previous job. In my past situation I was not eligible for tax credits, but the new salary will mean I will be entitled to them.

    I've completed the calculation online, assuming my new salary and it shows a 4 weekly credit amount of 185. However the online figures it request are for 2016-7, for which I would not be eligible for any payments.

    Am I able to start a claim for payments when I begin my job, or would I need to wait for a complete tax year to pass first?

Page 1
    • landlord2016
    • By landlord2016 13th Jan 18, 8:45 PM
    • 46 Posts
    • 4 Thanks
    • #2
    • 13th Jan 18, 8:45 PM
    • #2
    • 13th Jan 18, 8:45 PM
    Request for online tax credit application form. When the form arrives , fill the form and return to hmrc.

    After three weeks , contact HMRC and request to calculate tax credit based on current tax year income.
    • Darksparkle
    • By Darksparkle 13th Jan 18, 9:01 PM
    • 5,116 Posts
    • 3,320 Thanks
    • #3
    • 13th Jan 18, 9:01 PM
    • #3
    • 13th Jan 18, 9:01 PM
    Tax credits is based on the previous year!!!8217;s income unless the current year income increases/decreases by 2,500.

    Eg last year 20,000 this year 10,000 tax credits calculated on 12,500

    As said, complete the claim form and call once processed to report a change to this year!!!8217;s income.
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