Hi,
I'm just getting our earnings information together ready when we get our renewal and I've realised that we've earned more than was estimated, and I wondered if anyone could help me work out what we've been overpaid?
In 2011/12 we earnt £28400
In 2012/13 I estimated that we would earn £22500, however have actually earned £25200. I think because if the drop in income disregard that we received tax credits as if we were earning £25000?
In 2013/14 we will earn less again, £22000
Can anyone help with calculating what we've been overpaid and what our award will be for this current tax year?
Many many thanks in advance!
I'm just getting our earnings information together ready when we get our renewal and I've realised that we've earned more than was estimated, and I wondered if anyone could help me work out what we've been overpaid?
In 2011/12 we earnt £28400
In 2012/13 I estimated that we would earn £22500, however have actually earned £25200. I think because if the drop in income disregard that we received tax credits as if we were earning £25000?
In 2013/14 we will earn less again, £22000
Can anyone help with calculating what we've been overpaid and what our award will be for this current tax year?
Many many thanks in advance!