Self assessment and tax credits question

[vicki2010]

I know this probably isn't the correct place for this and should be in the money section, but I feel there will be more self employed people in this thread.

So, my question is..if you claim tax credits and you do a self assessment, what figure do you tell the tax credits people?
The overall earnings? the one after expenses are taken off or the figure left after your personal allowance is taken off?

I'm actually asking for a friend as she gave them the figure after expenses but I was under the impression it's the figure after personal allowance AND expenses were deducted.

If any of you lovely self employed people can answer I would love to tell her the correct answer.

(She did call them but was out on hold for half an hour!)

Many thanks

You tell them your net profit, i.e. the figure you get when you have taken your expenses off your income. That is your taxable income so is the figure the TCO want.

HTH

Untitled is right, as is your friend.. the figure you refer to is after expenses are taken off, and before your personal allowance (which are akin to wages really)

Thanks, that's helpful so I will tell her

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