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Another problem for pre 95 IB claims on changeing
13 years 10 months ago #42073 by originaldave
Another problem for pre 95 IB claims on changeing was created by originaldave
Just thought of another problem with the pre 95 IB people if your IB is paid tax free then the tax man does not count it as income when working out tax credits .... so if they count it as income it will not only have to be counted as taxable income it will put your income up and your right to tax credits down I have just checked the tax credits manual and this is correct 
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13 years 10 months ago #42074 by originaldave
Replied by originaldave on topic Re:Another problem for pre 95 IB claims on changeing
Dave wrote:
link here to tax manual
www.hmrc.gov.uk/manuals/tctmanual/TCTM04403.htm
Just thought of another problem with the pre 95 IB people if your IB is paid tax free then the tax man does not count it as income when working out tax credits .... so if they count it as income it will not only have to be counted as taxable income it will put your income up and your right to tax credits down I have just checked the tax credits manual and this is correct
link here to tax manual
www.hmrc.gov.uk/manuals/tctmanual/TCTM04403.htm
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