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  • FIRST POST
    • Tasham316
    • By Tasham316 6th Mar 18, 2:36 PM
    • 1Posts
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    Tasham316
    Tax credits and company dividends
    • #1
    • 6th Mar 18, 2:36 PM
    Tax credits and company dividends 6th Mar 18 at 2:36 PM
    Just looking for bit advice. When applying for tax credits of you are a partner in a limited business do you need to declare the dividends you get at end of year. I'm confused weather these need to be declared only if you have to pay tax on them or if you need to declare them either way.
Page 1
    • Dazed and confused
    • By Dazed and confused 6th Mar 18, 3:17 PM
    • 2,569 Posts
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    Dazed and confused
    • #2
    • 6th Mar 18, 3:17 PM
    • #2
    • 6th Mar 18, 3:17 PM
    Dividends are taxable income and according to the tax credit renewal notes are included under "Other Income".

    https://www.gov.uk/government/publications/tax-credits-renewal-pack-notes
    • Darksparkle
    • By Darksparkle 6th Mar 18, 3:57 PM
    • 5,054 Posts
    • 3,290 Thanks
    Darksparkle
    • #3
    • 6th Mar 18, 3:57 PM
    • #3
    • 6th Mar 18, 3:57 PM
    As above they are taxable income so yes need to be declared.
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