New to Contracting - Question about Tax Credits

[Snarf]

If you're a LTD co contractor you presumably reckon you're outside IR35.
If you are, but not paid enough such that you can get tax credits then you're quite junior. And therefore likely to be under D&C.

That's my chain of thought when I see this sort of question. Is it worth raising the attention of HMRC? It sounds risky to me. You might be outside but attracting attention doesn't seem wise.

I asked a question on here about tax credits a few years ago and people said don't call HMRC .. you'll draw attention to yourself.

If I hadn't phone HMRC and got advice I'd be absolutely screwed right now, they are not just sitting there waiting to pounce on people who have made genuine mistakes or need advice.. give them a call, explain the situation and see what they say.

If youre just general asking advice they won't even need your details

[SueEllen]

If you're a LTD co contractor you presumably reckon you're outside IR35.
If you are, but not paid enough such that you can get tax credits then you're quite junior. And therefore likely to be under D&C.

Did you read the guy's post?

He's been underpaid for 9 years as a permie hence the need for tax credits, and is new to contracting.

It doesn't mean he's junior.

[b r]

I would have thought if your contract is worth more than £60k and you claim you would be on extremely thin ice

But you're confusing the business income with your income, they are two different things (except 6th April onwards and on a PS contract )