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Call 01462 423152 - Email info@base52.co.uk - Hitchin, Hertfordshire
Weekly amounts of child / working tax credits and child benefit.
Child Benefit is receivable by a person responsible for each child until they reach 16, or 19 if they stay in education or training.
If the person (or their spouse or partner) has 'adjusted net income' above £50,000 the person with the highest income has to pay some of the Child Benefit as a tax charge.
Where 'adjusted net income' is more than £60,000 a year, the tax charge equals the Child Benefit received.
Eldest / only child: £20.70
Other children: £13.70
HMRC has published guidance on the extension of the off-payroll working rules (also known as IR35) to the private sector.
07 May 2019
The government has confirmed that the initiative to introduce a pensions dashboard will go ahead.
HMRC has warned young people in the UK to 'stay vigilant' in order to avoid falling victim to 'Springtime' tax refund scams.
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