WTC entitlement as an EEA self-employed

[Tangoth]

Hello everyone!

 

 

I've tried to research this on my own so many times, but I'm unable to find a clear answer to this.

 

 

I'm a EEA national who is about to start a full-time business from home.

 

 

As my business will be just starting, probably I won't met the earning thresold to be automatically seen as a self-employed in order to claim WTC.

 

Any of you is getting WTC being an EEA national but earning less than 155 weekly pounds?

 

 

Please note I meet the criteria of age and working hours before replying.

 

Your help is appreciated!

[GamerNic]

You need to be able to prove that your self employment is genuine, that you are putting in sufficient hours and expect to make money - not right away but that the aim is to make money.

 

 

HMRC has tightened this up a lot recently, so you would need to register as self employed, then register for an online account and keep complete and accurate records. It may also depend on how long you have been in the country and income for the 3 months prior to the claim.

 

It won't let me post links yet, but from gov uk search for tax credit manuals, I was looking under tctm02415 & tctm02453

 

From the general eligbility page - What counts as work

 

Your work can be:

 

 

• for someone else, as a worker or employee
  
• for yourself, ie self-employment
  
• a mixture of the two
  

If you’re self-employed

 

Some self-employed people are not eligible for Working Tax Credit. To qualify, your self-employed work must aim to make a profit. It must also be commercial, regular and organised.

This means you may not qualify if you don’t:

 

• make a profit or have clear plans to make one
  
• work regularly
  
• keep business records, eg receipts and invoices
  
• follow any regulations that apply to your work, eg having the right licence or insurance
  

If the average hourly profit from your self-employed work is less than the National Minimum Wage, the Tax Credit Office may ask you to provide:

 

• business records
  
• your business plan - find out how to write a business plan
  
• details of the day-to-day running of your business
  
• evidence that you’ve promoted your business, eg advertisements, flyer
  

Edited September 13, 2016 by GamerNic
incorrect formatting