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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.
'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
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04 Jul 2019
HMRC has published a report showing that the UK tax gap in 2017/18.
Over two thirds of EU citizens that are currently in the UK are here for work.
HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system.
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We offer initial free consultations simply contact us to find out more.