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<p>The Department does not require owners of limited companies to provide company
financial accounts when applying for Universal Credit. Self-employed earnings are
reported on a simplified 'cash accounting' basis, which asks for the total income
from receipts into the business and details of payments out of the business under
defined categories during the assessment period. The requirements were designed to
be as simple as possible in order for self-employed claimants to easily report their
earnings.</p><p> </p><p>The Department has therefore not made an assessment.</p>
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