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UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: SherwoodCleaningSe on February 15, 2012, 06:34:32 pm

Title: How many window cleaners will be loosing child tax credit from April 2012 (POLL)
Post by: SherwoodCleaningSe on February 15, 2012, 06:34:32 pm

Hi Guys,

I don't know if anybody else received a letter regarding new limits on child tax credit, before the cutoff point was £41 300, I'm sure that not too many window cleaners were affected by this, however the limit is changing in April.

For a couple with one child it's £26 000
For a couple with two children it's £32 200

The numbers are lower for single parents.

So if your profit or joint income with your partner is over the above figures you could be loosing out.  These numbers don't take into account special circumstances such as disabilities which affect things differently.

Simon.

Title: Re: How many window cleaners will be loosing child tax credit from April 2012 (POLL)
Post by: carl stanton on February 15, 2012, 07:37:40 pm

but are them figures after taxable income?

so net income and not gross/  ???

Title: Re: How many window cleaners will be loosing child tax credit from April 2012 (POLL)
Post by: SherwoodCleaningSe on February 15, 2012, 07:51:16 pm

Yes they are for taxable income or profit, not total turn over.

Simon.

Title: Re: How many window cleaners will be loosing child tax credit from April 2012 (POLL)
Post by: Dave Willis on February 15, 2012, 07:53:15 pm

Yep, just been told we've lost ours.  :(

Title: Re: How many window cleaners will be loosing child tax credit from April 2012 (POLL)
Post by: AuRavelling79 on February 15, 2012, 08:06:30 pm

If those new figures are correct then we will not get any.

One child left under 18 now.

Title: Re: How many window cleaners will be loosing child tax credit from April 2012 (POLL)
Post by: SherwoodCleaningSe on February 16, 2012, 09:17:43 am

Looking at the new tax figures for 2012-13 the personal allowance has gone up to £8105, not as big a jump as last year but it should off set any tax credit reduction a little.

Simon.

Title: Re: How many window cleaners will be loosing child tax credit from April 2012 (POLL)
Post by: g.brookes on February 16, 2012, 12:57:08 pm

its also strongly rumoured osbourne will be jumping the non taxable earning up to around 10 grand to try and kick start the economy in the next few months

Title: Re: How many window cleaners will be loosing child tax credit from April 2012 (POLL)
Post by: H S and Son on February 16, 2012, 01:03:10 pm

But how long before that particular one comes in. It normally isnt for a good while. Even if its this financial year we as self-employed wont feel any benefit of that til January next year.

Title: Re: How many window cleaners will be loosing child tax credit from April 2012 (POLL)
Post by: craig mcneil on February 16, 2012, 04:24:44 pm

Never got CTC in the first place!

Title: Re: How many window cleaners will be loosing child tax credit from April 2012 (POLL)
Post by: Dave66 on February 16, 2012, 05:16:47 pm

if you earn that much you dont need hand outs  :P

Title: Re: How many window cleaners will be loosing child tax credit from April 2012 (POLL)
Post by: firefly123 on February 16, 2012, 08:37:30 pm

work harder you wont need tax credits  no such thing in days gone by  >:( >:( >:( >:( >:( >:(