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Chris Cottrell

  • Posts: 3162
Tax/Expenditure Issues
« on: April 06, 2007, 01:29:27 pm »
We need to work out tax/expenditure figures for family tax credit.  Does anybody know what happens when the years expenditure is higher than the tax liability?

Paula Cottrell
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Paul Coleman

Re: Tax/Expenditure Issues
« Reply #1 on: April 06, 2007, 02:44:31 pm »
Quote from: Chris Cottrell on April 06, 2007, 01:29:27 pm
We need to work out tax/expenditure figures for family tax credit.  Does anybody know what happens when the years expenditure is higher than the tax liability?

Paula Cottrell

I think the taxman helps with stuff like that.  If you ask them, then there is no risk of being wrongly advised on here.
I suppose it's a choice of regarding your income as zero or whether they subsidise any loss through extra credits?  I imagine that the "zero" option is more likely but really, I haven't a clue.
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Russell Macdonald

Re: Tax/Expenditure Issues
« Reply #2 on: April 07, 2007, 07:15:26 am »
Not a club i belong to, i just pay loads of tax so all these freebies go to others.  ::)
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