S Suze456 Registered User Messages 9 15 Feb 2017 #1 Hi all, I'm a bit confused about this...so if we get work done this year, 2017, Revenue look at it as being paid in 2018. Do you get the tax credits in 2018 and 2019 then? If you don't pay income tax in 2018 or 2019, do the tax credits carry forward to 2020 or not? TIA
Hi all, I'm a bit confused about this...so if we get work done this year, 2017, Revenue look at it as being paid in 2018. Do you get the tax credits in 2018 and 2019 then? If you don't pay income tax in 2018 or 2019, do the tax credits carry forward to 2020 or not? TIA
S Sophrosyne Registered User Messages 1,543 16 Feb 2017 #2 The credit is spread evenly over the two years following the year in which the work was paid for. Any unused relief may be carried forward to the next sequential tax year(s).
The credit is spread evenly over the two years following the year in which the work was paid for. Any unused relief may be carried forward to the next sequential tax year(s).