Part 2 Date & Time: 31 October 2019 – 10.00 – 11.00 am
(Please note: The date and time for part 2 has changed. Previously advertised for 24 Oct)
From 1 April 2011 a new definition of Family Scheme Income was legislated for determining
a person’s entitlement to Working for Families Tax Credit (WFFTC). In this course, we will
look at this definition.
In part 1 we review the rules and qualifications criteria for each type WFFTC. In part 2 we
review the legal definition of “family scheme income”. This will include a review of the
policy and guidelines from Inland Revenue.
We will use examples and case studies to identify and clarify some of the difficulties that have
arisen over recent years, especially for individuals operating through business structures such
as companies and trusts.
Upon satisfactory completion of this activity you will be able to:
- Increased understanding of income & the benefits available under WFFTC
- More confidence in applying the law
Benefits:
A better understanding of the benefits available and what income is for the purposes of
Working for Families.
Total CPD Hours: 2 (1 per part)
Suited to:
Anyone who has clients who can apply for the tax credit or received Student Allowances.
This is aimed at all levels of accountants from seniors and above.
Presenter:
Mike Hadwin, Director, Symmetry Advisory
Mike is a regular presenter for TEO Training. You will learn from Mike’s 35-plus years of tax experience
as a public CA and facilitator. His clear presentation style enables you to quickly understand and apply
practical learning concepts to common situations you may face in your role.