Decision Makers Guide - DMG38002

Calculating deductions: What is chargeable income


The chargeable income relates to the assessment period and is
1) for a person self-employed for 7 complete months (WFTC) / 26 weeks (DPTC) or more before the week of application as

1.1) a sole-trader - the gross receipts of the business less the allowable expenses (DMG33102 3)
1.2) a business partner or share fisherman -the person's share of the net profit of the business (DMG33103)
1.3) a self-employed childminder - one third of the gross receipts of the business (DMG33105)

2) for a person self-employed for less than 7 complete months (WFTC) / 26 weeks (DPTC) before the week of application - the appropriate figure in 1.1, 1.2, or 1.3 based on the estimated and where appropriate actual figures (DMG33107)





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