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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 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 £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.
08 May 2023
HMRC has reminded businesses that file VAT returns annually that the online VAT filing portal will close from 15 May 2023.
UK inflation has dropped, but remains in double-digit levels, as the cost-of-living crisis eased slightly in March.
Research carried out by think tank the Resolution Foundation has suggested that the size of the UK's six-year 'stealth tax' threshold freeze has nearly trebled to £25 billion.