jsut got my forms back for tax credits. i'm soooooo confused, ok full circumstances are as follows:
DH & I joint income for 04/05 - £26875 both working 37 hours p/w, we can't have WFTC as apparently our income doesn't allow for that bit (full reduction of £3993.10 dues to our income??)
this is the confusing bit - child element for Joey (he's 7 weeks)
1 child from 06/04/06 to 05/04/07 £1766.60
right ok then, in the family elements, they've added his £1766.60 onto the basic/baby bits, and then taken that amount back off due to our income - so we have £1032.00.
A - does that sound like it makes sence to u guys?
b - they want to know our income for 05/06 which is about £2500 ish more (no more than that) but now i'm not working our combined income for 06/07 is going to be approx £20000 dep on DH pay rise, so which annual salary do I tell them? - they already had us messed up saying we were on social instead of emplyed - and I know full well I ticked employed cos I took the forms to welfare to find out the address for DH's pay office!
any help greatly recieved - ooh and why is it they send me a form and DH one seperatly?? one not do one and save the money!