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HMRC internal manual

Tax Credits Manual

From
HM Revenue & Customs
Updated
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Eligibility - income (employed and self-employed): Employment income (Introduction)

Where income needs to be taken into account in the calculation of a tax credits award, customers supply details of income from the following sources, each of which is taken into account. These are

  • employment income, including any employment income from overseas
  • self-employment income, including any self-employment income from overseas
  • Social Security benefit income.

and the following that are collectively known as other income

  • pension income
  • investment income
  • property income
  • student income
  • foreign income
  • notional income
  • miscellaneous income.

Note: Guidance on when income needs to be taken into account in the calculation of a tax credit award and the periods over which it needs to be measured for any particular award, are covered in TCM0132120.

Note: Guidance on how income for the family should be combined, and general deductions can be found in TCM0116020.