Tax credit forms

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gingerjedi replied

14 July 2008, 16:02
Thanks manic, just what I was after.

I went off on a tangent asking about the personal tax return as well.
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Manic replied

14 July 2008, 13:40
Assume you are talking Tax Credits (aka new labour redistribution of wealth) and not a tax return which Archangel referred to. Dividends are income and you must declare them.

http://www.hmrc.gov.uk/taxcredits/wo...her-income.htm

From the link above
Also enter income from UK company dividends, including dividends from a company of which you and/or your partner are directors. If you received UK company dividends, you should add the tax credit - shown on the dividend voucher supplied by the company - to the dividend.
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Hex replied

14 July 2008, 12:47
Originally posted by gingerjedi View Post

How would I know that they need to know... other than you telling me now that I needed to let them know. :

How would they know that you need to know that they need to know?

It's your responsibility like lots of other things that adulthood brings.
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gingerjedi replied

14 July 2008, 12:11
Originally posted by Archangel View Post

How else would they know?

How would I know that they need to know... other than you telling me now that I needed to let them know. :
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Archangel replied

14 July 2008, 07:01
Originally posted by gingerjedi View Post

Just thought.. do I need show divs as gross? Surely they're taxed as personal income? I've never been asked to do a personal tax return and I'm starting to wonder why??

Its up to you to ask HMRC to send you a personal tax return if you have any income that is not PAYE, or if you are a director (or some other circumstances which probaby don't apply to your situaution). How else would they know?
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gingerjedi replied

13 July 2008, 19:08
Just thought.. do I need show divs as gross? Surely they're taxed as personal income? I've never been asked to do a personal tax return and I'm starting to wonder why??
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gingerjedi started a topic Tax credit forms

13 July 2008, 19:01
Tax credit forms

I’m just trying to work out what I should include on our joint tax credit declaration renewal form, do I just include gross earnings from my P60 plus gross dividends as 'other income'? I can't see any mention of dividends but I'm sure they'd want to know!

07-08 was my first year as a Ltd so last year (umbrella) I just gave them whatever my P60 said.

I wouldn't normally be bothering with this but my wife had almost all of last year on statutory maternity pay and I had a large chunk of the year on the bench.
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