Child benefit claw-back
HMRC are issuing letters to taxpayers suspected of claiming child benefit and with income in excess of £50,000 pa.
Even if the benefit is being claimed by a partner with income less than £50,000 the claw-back will apply to the partner with income in excess of £50,000 pa.
An unfair tax as there would be no claw-back if both partners has income of less than £50,000.it is worth thinking how the income can be reduced for tax purposes so as to avoid the claw-back.
To explore this contact Brian on 02083635502 or book an appointment on