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Tax Credits claim made this May

(5 Posts)
lycheemartini Thu 26-Jan-17 15:11:45

Sorry if I am asking a silly question but does anyone know, if I start a claim in May (after baby born) would this be based on 6 April 2016 - 5 April 2017 earnings, as a new tax year has started?

Both self employed so will take some doing to calculate, only just doing 2015-2016 returns (and may not qualify for anything) Thanks! :-)

lycheemartini Fri 27-Jan-17 10:21:47

bump...

lornathewizzard Fri 27-Jan-17 11:34:08

Yes I think so, based on previous tax year so 2016-2017. Not sure if it's different if you're self employed tho

lycheemartini Fri 27-Jan-17 14:10:16

Thank you Lorna

Babyroobs Fri 27-Jan-17 16:58:30

yes it will be based on 2016-17. if it is your first child the threshold is around £26k without childcare costs. If your joint income is over this but likely to drop for the tax year 2017-18 then you can ask for a recalculation based on your new estimated income.

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