working tax credits

[sue.brisley]

Am I entitled to WorkingTax Credit as a director of a Ltd company with a net profit of less than £15-£18k.

[BMS]

Working tax credit is based on your earnings and not the profit of the company.

If your earnings entitle you to tax credits, the fact that you are a director has no bearings.

Try login on to HMRC, I think that there is a working tax credit calculator on the site which will tell you if you are eligible.

[deanshepherd]

Here is the link:

https://www.taxcredits.inlandrevenue.gov.uk/Qualify/DIQHousehold.aspx



Dean Shepherd
dean.shepherd@mmi-online.co.uk
MMI Accountancy
www.mmi-online.co.uk