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Call 020 8429 3636 - email excellence@dewanis.com
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.
Research published by the Federation of Small Businesses (FSB) has revealed that more small firms expect their business to shrink rather than grow over the next year.
The British Chambers of Commerce (BCC) has warned that the UK could fall behind in the race to achieve net zero.
HMRC recently appointed six independent industry specialists to a new Research and Development (R&D) Expert Advisory Panel.