Changes to Working Tax Credits Claimants - Columb & Gosling Accountants in Telford

Changes to Working Tax Credits Claimants

February 16, 2016
Posted in: HMRC, Tax

From April 2015, Self Employed Working Tax Credit (WTC) claimants will need to meet new criteria.

From 6th April 2015, all new claimants who are using self-employed work to meet the qualifying remunerative work test for WTC must show that they are trading on a commercial basis and their business is done with a view to achieving profits.  The self-employment should also be structure, regular and ongoing.

Self-employed WTC claimants with earnings below a threshold (this will be based on working hours and the National Minimum Wage) will be asked by HMRC to provide evidence that they are in a regular and organised trade, profession or vocation on a commercial basis and with a view to achieving a profit.