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High Income Child Benefit Charge
26 March 2024
The High Income Child Benefit Charge (HICBC) is a tax charge that claws back child benefit where the claimant and/or their partner has adjusted net income in excess of £50,000. As announced in the Spring Budget, the trigger threshold is to be increased from 6 April 2024, with the withdrawal rate being reduced from the same date.
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Spring Budget Summary 2024
7 March 2024
With an election looming, Chancellor, Jeremy Hunt, delivered his Spring Budget on 6 March 2024, billing it as a ‘Budget for growth’. As widely predicted there were further changes cuts to National Insurance, taking effect from the 2024/25 tax year.
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URGENT UPDATE: DOUBLE CAB PICK-UPS – HM REVENUE & CUSTOMS (HMRC) CLIMB DOWN?
20 February 2024
HMRC do a complete U-Turn on Double Cab Pick-ups.
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