Tweet
I vaguely recall they give you a certain period of being self employed to report an income - I'll try have a look into it.
Basic gov.uk info
you’re self-employed
Some self-employed people are not eligible for Working Tax Credit. To qualify, your self-employed work must aim to make a profit. It must also be commercial, regular and organised.
This means you may not qualify if you do not:
If the average hourly profit from your self-employed work is less than the National Minimum Wage, the Tax Credit Office may ask you to provide:
Basic gov.uk info
you’re self-employed
Some self-employed people are not eligible for Working Tax Credit. To qualify, your self-employed work must aim to make a profit. It must also be commercial, regular and organised.
This means you may not qualify if you do not:
- make a profit or have clear plans to make one
- work regularly
- keep business records, such as receipts and invoices
- follow any regulations that apply to your work, for example having the right licence or insurance
If the average hourly profit from your self-employed work is less than the National Minimum Wage, the Tax Credit Office may ask you to provide:
- business records
- your business plan - find out how to write a business plan
- details of the day-to-day running of your business
- evidence that you’ve promoted your business - such as advertisements or flyers
Comment