Working Tax Credit - For a Ltd company director

Posted by FirstTab PM | on Tue, 01/03/2011 - 11:16 2643 4 comments | report

One of my clients has asked me if he would be entited to any working tax credits based on his minimun salary of £6,475pa from his limited company. His dividends are £65k pa.

I would be surprised if he gets any tax credits. Tax credits is one area I am very weak on.

Thanks

Comments

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No

JackJoshua | Tue, 01/03/2011 - 11:49

Dividends are counted as 'other income'

Discountants | Tue, 01/03/2011 - 13:30

What about retained profits?

FirstTab | Wed, 02/03/2011 - 08:26

Deprivation of income

taxhound | Wed, 02/03/2011 - 09:28