Child Benefit - should you still be receiving it?
HM Revenue & Customs have published statistics which suggest that approximately 100,000 tax payers have still not registered for Self Assessment a full 12 months after the new rules came in regarding the inter action
of Child Benefit and taxation.
Our most recent article, can be read here but we highlight the relevant position:
If one partner (whether or not the natural parent of the child) in the household is earning more than £50,000 per year, then there will be a claw back of some of the Child Benefit received. However, if the highest earning partner receives income in excess of £60,000, all the Child Benefit will be clawed back.
Please contact Linda Little on 01946 692423 or firstname.lastname@example.org if you have any questions.