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do I declare dividends on tax credits

2 replies

chickenlickin · 05/07/2010 20:08

Help!!! Trying to fill in my child tax credits form and stuck whether to declare my partners directors dividends. Basically he takes £700 a month and then later they draw another £100 or so. Aparently this is ok but not sure if have to fill in on form or where? Has anyone else had the same issue? Prob won't get much more money though!

OP posts:
HappyMummyOfOne · 05/07/2010 20:14

Goes under the section other income I believe.

ChasingSquirrels · 15/07/2010 21:31

and be aware that the dividend you receive is not the income you have to declare.
The dividend received is the net amount, you have to declare the gross amount - divide the amount received by 0.9 to get the gross.

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