Sorry if this has been asked before
I have been self employed for years now but I have taken a job paye what I need to no does your night out money count towards my tax credits need to no as my wife is sorting it all out
Thanks for any info
It shouldn’t due to it not being taxed & not guaranteed
taz1972:
Sorry if this has been asked beforeI have been self employed for years now but I have taken a job paye what I need to no does your night out money count towards my tax credits need to no as my wife is sorting it all out
Thanks for any info
no it is an expense to cover food cleaning bedding etc and is not a taxable wage
scrotumscratcher:
taz1972:
Sorry if this has been asked beforeI have been self employed for years now but I have taken a job paye what I need to no does your night out money count towards my tax credits need to no as my wife is sorting it all out
Thanks for any info
no it is an expense to cover food cleaning bedding etc and is not a taxable wage
That’s what I thought but want to no what other people do
Cheers
Night out money = for sleeping in a tin box / away from home not in own bed ( can be used to pay for b&b hotel etc if you want
Simple answer NO night out money is non taxable to cover nights away from home expenses
taz1972:
Sorry if this has been asked beforeI have been self employed for years now but I have taken a job paye what I need to no does your night out money count towards my tax credits need to no as my wife is sorting it all out
Thanks for any info
The “assessable for tax” bit on your payslip counts towards tax credits - NOT the gross or net figure.
Eg. The Gross might be £500, the assessable £455 (two nights out @ £27.50 taken off) and the net £420.
Anything paid “tax free” therefore, including night out money, subsistance, travel expenses, & food allowances - might all bring that gross figure down somewhat, and the lower “assessable” figure is then used for calculating tax credits.
However, I should warn that the game is pretty much up with this - unless the Tory plans get overturned. EVERYONE currently on tax credits stands to lose out - and even a watered-down version of what they intend will surely have “newcomers” bashed to bits before they even get a look-in.
It used to be the case that someone working 30 hours @ minimum wage did the best, with everyone else up to around £26,000 losing it on a sliding scale known as “the taper”.
The NEW system as indended from next April will be pretty much that you need to be doing 30 hours @ minimum wage just to QUALIFY, and anyone earning £15,000-£26,000 (including me) will pretty much lose the lot.
This assumes you have 1-2 kids btw.
Winseer:
taz1972:
Sorry if this has been asked beforeI have been self employed for years now but I have taken a job paye what I need to no does your night out money count towards my tax credits need to no as my wife is sorting it all out
Thanks for any info
The “assessable for tax” bit on your payslip counts towards tax credits - NOT the gross or net figure.
Eg. The Gross might be £500, the assessable £455 (two nights out @ £27.50 taken off) and the net £420.
Anything paid “tax free” therefore, including night out money, subsistance, travel expenses, & food allowances - might all bring that gross figure down somewhat, and the lower “assessable” figure is then used for calculating tax credits.
However, I should warn that the game is pretty much up with this - unless the Tory plans get overturned. EVERYONE currently on tax credits stands to lose out - and even a watered-down version of what they intend will surely have “newcomers” bashed to bits before they even get a look-in.
It used to be the case that someone working 30 hours @ minimum wage did the best, with everyone else up to around £26,000 losing it on a sliding scale known as “the taper”.
The NEW system as indended from next April will be pretty much that you need to be doing 30 hours @ minimum wage just to QUALIFY, and anyone earning £15,000-£26,000 (including me) will pretty much lose the lot.
This assumes you have 1-2 kids btw.
Thanks for the info mate the funny thing about this is for what we are going to get the wife told them she wanted to cancel the tax credits and save the chew on and they would not let her do that they said you can’t just stop it thought they were trying to save money ■■?
The money you tell them you’re earning is the figure that says “Taxable Pay” on your wageslip. Being a new job with hours all over the shop you give them an estimation of your earnings and then just correct it come renewal time.
As for cancelling tax credits, they don’t actually seem to have a system in place to do it on request. You’ll simply have to earn enough that you don’t qualify. 
Winseer:
taz1972:
Sorry if this has been asked beforeI have been self employed for years now but I have taken a job paye what I need to no does your night out money count towards my tax credits need to no as my wife is sorting it all out
Thanks for any info
The “assessable for tax” bit on your payslip counts towards tax credits - NOT the gross or net figure.
Eg. The Gross might be £500, the assessable £455 (two nights out @ £27.50 taken off) and the net £420.
Anything paid “tax free” therefore, including night out money, subsistance, travel expenses, & food allowances - might all bring that gross figure down somewhat, and the lower “assessable” figure is then used for calculating tax credits.
However, I should warn that the game is pretty much up with this - unless the Tory plans get overturned. EVERYONE currently on tax credits stands to lose out - and even a watered-down version of what they intend will surely have “newcomers” bashed to bits before they even get a look-in.
It used to be the case that someone working 30 hours @ minimum wage did the best, with everyone else up to around £26,000 losing it on a sliding scale known as “the taper”.
The NEW system as indended from next April will be pretty much that you need to be doing 30 hours @ minimum wage just to QUALIFY, and anyone earning £15,000-£26,000 (including me) will pretty much lose the lot.
This assumes you have 1-2 kids btw.
Haven’t the House of Lords suspended this new change coming in?
Conor:
The money you tell them you’re earning is the figure that says “Taxable Pay” on your wageslip. Being a new job with hours all over the shop you give them an estimation of your earnings and then just correct it come renewal time.As for cancelling tax credits, they don’t actually seem to have a system in place to do it on request. You’ll simply have to earn enough that you don’t qualify.
To cancel one’s tax credits - you update your circumstances with a phone call. You revise upwards your estimated “earnings for the year” and your tax credits remaining in that same tax year will be adjusted downwards. If your “new pay scale” takes you above the threshold outright for qualifying, then you get 4 more weeks of whatever you were getting upto now, and then they stop completely.
The former system was that they tapered down to about £10 a week when you hit the high £20ks area. The exact amount depends on if your other half gets anything coming in at all in her name. The number of kids you have living with you pushes the amount up - but I believe the taper stays the same. The new Tory plans are daft in that to get the “old maximum” - you now have to earn so little that you’d not actually qualify as “working” in the first place - the main clause for qualifying for working tax credits is that you work at least 16 hours a week, 30 hours to get the enhanced payment. The system favours someone with a part-time job who happens to also be the main breadwinner in the household. Having a stay-at-home wife as full time mum helps out a lot of course. The Tories are lying about “some will gain” with the proposed change to the tax credits: EVERYONE will be worse off - make no mistake. The Tory Backbenchers know this, and that’s why MPs like Heidi Allen are rebelling right now. The change to make tax credits taxable means that someone returning to work full time - has the pay the bloody lot back. Tax credits were supposed to be a support for the low-paid - NOT a bloody wonga loan! 
Winseer, everyone won’t be worse off or anything like it. I won’t be worse off, neither will my 20 year old son who has his own family because we both earn too much to get WTC anyway. I doubt any truck drivers doing anything remotely like fulltime will. Also another person who won’t be worse off is that mouth breather on Question Time a few weeks ago who tore a strip off the MPs on the panel because she reckoned she’d be thousands off. Turns out she’s self employed, her business makes zero profit so she won’t be affected either. Neither will anyone else who is self employed with a profit on paper below £3500.
Conor:
Winseer, everyone won’t be worse off or anything like it. I won’t be worse off, neither will my 20 year old son who has his own family because we both earn too much to get WTC anyway. I doubt any truck drivers doing anything remotely like fulltime will. Also another person who won’t be worse off is that mouth breather on Question Time a few weeks ago who tore a strip off the MPs on the panel because she reckoned she’d be thousands off. Turns out she’s self employed, her business makes zero profit so she won’t be affected either. Neither will anyone else who is self employed with a profit on paper below £3500.
She claimed the stress of it all had caused her to lose 7 stone so she can’t have been short of a penny or two if she could afford to have an excess of 7 stone hanging off her frame
Conor:
Winseer, everyone won’t be worse off or anything like it. I won’t be worse off, neither will my 20 year old son who has his own family because we both earn too much to get WTC anyway. I doubt any truck drivers doing anything remotely like fulltime will. Also another person who won’t be worse off is that mouth breather on Question Time a few weeks ago who tore a strip off the MPs on the panel because she reckoned she’d be thousands off. Turns out she’s self employed, her business makes zero profit so she won’t be affected either. Neither will anyone else who is self employed with a profit on paper below £3500.
No, everyone who gets tax credits now will be worse off. Obviously if you have never had tax credits, then for all I know - such people probably voted the Tories in because they were sick of seeing some part timer living it up large at what they perceived was their expense. Taxes paid via PAYE on middle earnings - pay for those HIGHER earners who get out of paying a lot more per year in taxes than even a maxed out benefit family.
The Tories, as per usual - have told the middle classes that it’s the “lightweight” workers who are making their lives hard in “the squeezed middle”.
Just for the record, I reckon we should ALL pay our FULL rates of taxation on what we earn, JSA should be scrapped, and Tax Credits should be left as they were. This would mean that the workshy would be forced to beg for a voluntary job in order to get any income whatsoever. (job over 16 hours per week with zero pay = maxed out tax credits! - IF they were left alone as the old system…) It would turn voluntary work into “workfare” - a concept that I am in agreement with.
If all those earning six figures actually paid the 45% they were supposed to - the deficit really WOULD be chipped away, and Osbourne would no longer have to lie about it every damned month without fail.
Create real jobs with real pay not volunteer that is working without pay no it should be paid at sensible rates if this was the case then we wouldn’t need working tax credit or child tax credit not I don’t get it as I am on my own & just above the rate
Look at all the job losses we have most of those are not work shy as you say but have lost there jobs through no fault of there own now where are the jobs for those people 
The simple answer to the Tories is to create jobs not cut then more people in work less benefit payed out more tax coming in then our GDP goes down less money borrowed
As one of those that have never had any form of tax credit I would say scrap it all, why should I effectively subsidise employers that are too greedy to pay their workers a proper wage.
BillyHunt:
As one of those that have never had any form of tax credit I would say scrap it all, why should I effectively subsidise employers that are too greedy to pay their workers a proper wage.
My daughter & her partner do get child tax credit it does make a difference to them he is on just above min age they have 2 kids under 2.5 he leo works 6 days a week some of them long due to him being a van driver
The thing about Tax credits overall - is that they are a form of social engineering rather than a “benefit”.
With tax credits, the worker who finds themselves with no job all of a sudden - can pick up the first minimum waged job going - and live on it because of the tax credit top-up.
Now compare that to the worker who finds that once they have lost one job - they cannot get the next one, because it’s too far away, too low paid, cannot work with a non-credit cashflow, etc.
Yes, I agree that employers should be paying a decent wage across the board - to encourage people into jobs that are otherwise hard to fill.
BUT that’s the very last thing employers actually want to do isn’t it?
If we could arbitrarily force all employers to pay not the “living wage” - but the LONDON living wage rolled out over the whole country - we, indeed, would have little use for tax credits, and they could be phased out by raising incomes rather than pulling the rug away long before employers even get around to paying the paltry so-called living wage of a mere 50p/h more than today’s NMW.
Where the Tories have got it wrong then - is pulling that rug making former claimaints worse off from April 2016 - but using Fiscal Drag to eliminate the advantage of the “living wage” implementation to render it completely ineffective. A large “jump” in NMW was needed - NOT a small increment over such a long time that Fiscal drag has cancelled it out before implementation. 
Higher-paid persons who’ve never found themselves getting tax credits - get their fair share out of the system via tax offsets - which, unlike tax credits have no cap and actually cost the fellow taxpayer a lot more than even those on maxed-out tax credits when averaged over the entire workforce. 
Winseer:
No, everyone who gets tax credits now will be worse off.
No they won’t. Plenty of self employed people like that woman who don’t earn much won’t be affected. Those earning over £15k who currently get child tax credit won’t be affected. Sure a lot of people will but nowhere near everyone.
The Tories, as per usual - have told the middle classes that it’s the “lightweight” workers who are making their lives hard in “the squeezed middle”.
If all those earning six figures actually paid the 45% they were supposed to - the deficit really WOULD be chipped away, and Osbourne would no longer have to lie about it every damned month without fail.
The highest paid 3000 people, 0.01% of those paying income tax, pay more tax than the bottom 9 million combined, paying 4% of the total income tax received from the 30 million people who pay it.
The top 300,000 pay 27.3% of the total amount of income tax in this country which has risen from 25% when Labour were in power contributing £45.9 billion in income tax between them by the end of this year, equivalent to £150,000 each.
The top 25% of earners pay 75% of all income tax.
And all of these people take far less out of the state than the bottom 10%. They are less likely to use the NHS or state schools. They’re less likely to cause work for the police.
Higher-paid persons who’ve never found themselves getting tax credits - get their fair share out of the system via tax offsets - which, unlike tax credits have no cap and actually cost the fellow taxpayer a lot more than even those on maxed-out tax credits when averaged over the entire workforce.
Rubbish. Absolute rubbish. What offsets have no limits? Pension contributions, that’s the main one? Tax free is capped at 100% of your pay or £40,000 whichever is the lower figure.
Back to your original complaint that “If all those earning six figures actually paid the 45% they were supposed to - the deficit really WOULD be chipped away” I would argue that there’s plenty of truck drivers who are actually employed but claiming to be self employed evading tax as well who would help reduce the deficit if they were paying the tax they were supposed to, not claiming the VAT they’re not entitled to and not getting the tax credits they are able to due to fiddling their income. Not to worry, many of them will end up doing when HMRC finally catch up and send the bills out as they have already started to.