Tax credits - Re If HMRC Cross checked in the mirror departments
Re Black Knight,s posting …..think they do… because we had a client whose taxable partnership income for Tax Return 2010/11 was higher compared to declared on Tax Credits purposes 2010/11. Tax Credit Office increased the house hold income from partnership as seen on Tax Return figure 2010/11. The difference was due to excess losses, ie unrelieved losses b/f from 2009/10. However for tax purposes the losses were carried back to 2008/09. We have appealed against the decision….
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Tax credits - Re If HMRC Cross checked in the mirror departments
Re Black Knight,s posting …..think they do… because we had a client whose taxable partnership income for Tax Return 2010/11 was higher compared to declared on Tax Credits purposes 2010/11. Tax Credit Office increased the house hold income from partnership as seen on Tax Return figure 2010/11. The difference was due to excess losses, ie unrelieved losses b/f from 2009/10. However for tax purposes the losses were carried back to 2008/09. We have appealed against the decision….