SJB & Co Chartered Accountants
The High Income Child Benefit Charge (HICBC) is a tax charge that claws back child benefit where the claimant and/or their partner has adjusted net income in excess of £50,000. As announced in the Spring Budget, the trigger threshold is to be increased from 6 April 2024, with the withdrawal rate being reduced from the […]
The High Income Child Benefit Charge: Changes for 2024/25 Read More »
Hello everyone, this month we are covering tax investigations, tax return completion, child benefit and inheritance tax – is it relevant to you? As always, if there are any questions please let me know.Kind regardsSimon Tax investigationsThe thought of a tax investigation or visit from HMRC can be worrying for many. Some HMRC enquiries are
August 2023 Update Read More »
When the High Income Child Benefit Charge applies You are able to claim child benefit if you are responsible for bringing up a child under the age of 16, or under the age of 20 where the child stays in approved education or training. However, some or all of the child benefit that you receive
