Only one family element is payable and the amount is the taxx for a single or joint claim. Not being a gambler myself I'm a bit vague here but I believe that when placing a bet at the bookies you either pay the tax on the stake or if not on the winnings.
Please read the notes below in conjunction with this document: They both work 35 hours a week. I would write to the tax credits and inform them of your income and ask if you are entitled to claim tax credits. Work carried out by prisoners is not qualifying creditz work. Equals Reduce maximum CTC by the income remaining. It is essential that the main aim of self-employment is to earn a profit.There is no capital limit for tax credits; the value of any savings/capital is ignored. Chapter 4;; betting or lottery winnings;; interest on the £10, compensation. HMRC are clear that what I am doing, viz. gambling, is a hobby by I would write to the tax credits and inform them of your income and ask if. They wrote to me before Christmas asking what I have been doing for the past 4 years - since I last did any paid work.I told them the truth that I.