Financial Benefits for Sole Traders?


H

harvey

Does anybody have any idea about the financial benefits that are on offer to
people who are on low incomes but are self employed? It is a cash benefit
with a very curious name, talking about "tax credit/something similar". But
it is not a tax rebate, but a direct cash benefit paid directly to those on
low incomes? Any idea where I can find a website with further info?

Cheers
 
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D

David Floyd

.

Their online calculator is interesting. I put my details in and I was very
excited when it told me I was entitled to a Working Tax Credit.
However the amount it tells me I am entitled to is £0.00, do you think they
would pay me this amount in cash ? ;-)

Not so silly as it sounds. Claim it. The claim will be backdated to 3
months before your claim. Should your situation change during 2003/04
then you will be entitled as from the backdated date, otherwise it will
only be from 3 months before you claim.

DF
 
N

Nick Read

David Floyd said:
Not so silly as it sounds. Claim it. The claim will be backdated to 3
months before your claim. Should your situation change during 2003/04
then you will be entitled as from the backdated date, otherwise it will
only be from 3 months before you claim.
I hope my situation won't change that dramatically, but you never know....

I've advised my girlfriend to try and claim it as she tends to work
sporadically (and normally at the minimum wage) so she would probably be
entitled to something.

Nick
 
H

Harvey

Nick Read said:
I hope my situation won't change that dramatically, but you never know....

I've advised my girlfriend to try and claim it as she tends to work
sporadically (and normally at the minimum wage) so she would probably be
entitled to something.

Nick
I have heard that this particular gov scheme is having a very very poor take
up rate, I don't know why but the message does'nt seem to be getting across
very well to people.
 
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H

Harvey

Nick Read said:
I'd heard a while ago that the government were considering introducing this,
but only found out recently that it had actually started already.
Exactly!! For someone like me, who is self employed, it virtually doubles my
income! As everybody knows when starting at the bottom, however you are
working in your business, you don't usually earn a profit straight
away.....so for me, it's an absolute godsend. £45 quid a week might sound
not much to some people but for me it would double my income! I have been
involved with Gov agencies set up to help business people/unemployed
starting out on a new venture and even I only just found out about it this
last week! So how can anybody say this is "well publicised"??? I have
actually been on a Government funded course assisting people to get on in
business....
 

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