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Does being a Business Owner decrease the amount of working tax credit you receive?

April 26, 2017Business Finance Kingdom owner tax credit taxes United working

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Does being a Business Owner decrease the amount of working tax credit you receive?

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You apply as a family, ie all the people who live with yourself and it is based on your total income in the tax year. If you have any self emplyed losses then you can off set these from any other earning you or your wife may have coming in. Apply straight away as your claim can only be back dated to a max of 90 days.