Client has year end 30th April and wants to change to 5th April.
I don't normally deal with tax credits and, before I plough through the manuals, I am hoping someone will have come across this.
As the total S/E figure on the 2011-12 Tax Return will effectively be 23 months, will this make the tax credits award lower?
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i have been looking as well
i cant find anything easily but i assume that the answer is yes its the total income less any overlap relief - frankly unless there are strong reasons to change i wouldnt risk it - if i find any further info i will let you know
You'd have thought...
... that there'd be some of that pesky legislation stuff on the subject somewhere, wouldn't you?
(The references to Schedule D have subsequently been replaced by appropriate references to ITTOIA, but I'm sure you'll get the general gist)