In tax year 12/13 if you claim tax credits and your income increases, you had a £10,000 disregard (if your income goes up by less than £10,000 your tax credits don't change).
For tax year 13/14 the disregard changed to £5,000.
If income changed in the last week in March (approx. 1 week before new 13/14 tax year) but HMRC aren't informed of change until this week (w/b 14th April- 13/14 tax year) what would this fall under - 12/13 disregard of £10,000 or 13/14 disregard of £5,000.
Many Thanks
For tax year 13/14 the disregard changed to £5,000.
If income changed in the last week in March (approx. 1 week before new 13/14 tax year) but HMRC aren't informed of change until this week (w/b 14th April- 13/14 tax year) what would this fall under - 12/13 disregard of £10,000 or 13/14 disregard of £5,000.
Many Thanks