You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
Working tax credits and child benefit.
Child Benefit is receivable by a person responsible for each child who is under 16, or 19 if they stay in education or training.
If the person (or their spouse or partner) has 'adjusted net income' above £60,000 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 £80,000 a year, the tax charge equals the Child Benefit received.
Why not get in touch with Quarter Chartered Accountants today for more information.
HMRC has reduced late payment and repayment interest rates following the cut to the base rate.
More than 80 of the UK's largest retailers have written to Chancellor Rachel Reeves regarding the measures announced in the Autumn Budget on 30 October.