Hi all,
I have a query about tax credits. I hope some one will clarify.
I am PAYE employee and spouse is working as contractor and has own limited company. Getting salary as company director. I am also one of the director but I won't get any salary from that company. We started this last year in April. We were assessed jointly last year.
Last week I have changed my job and rang Revenue to notify that. They sent me updated credits. So I have 4950 credits now ( 3300 personal +1650 PAYE) and Cutoff for me is 42800.
So, what will be my spouse credits and cutoff please? I am guessing 3300 personal only as there is no PAYE credits for company director. What is the cutoff for spouse.
Thanks.
I have a query about tax credits. I hope some one will clarify.
I am PAYE employee and spouse is working as contractor and has own limited company. Getting salary as company director. I am also one of the director but I won't get any salary from that company. We started this last year in April. We were assessed jointly last year.
Last week I have changed my job and rang Revenue to notify that. They sent me updated credits. So I have 4950 credits now ( 3300 personal +1650 PAYE) and Cutoff for me is 42800.
So, what will be my spouse credits and cutoff please? I am guessing 3300 personal only as there is no PAYE credits for company director. What is the cutoff for spouse.
Thanks.