Take Advice on Child Benefit Before Changes Come Into Force
News release 11th December 2012High earners who claim Child Benefit need to be aware of new rules which will introduce a tax charge on some claimants from next month. Michael Cope from leading chartered accountants Duncan & Toplis says those affected need to start planning for the change as soon as possible. From 7th January 2013 households where at least one person earns an income of more than £50,000 (from all sources, not just salary) will have their Child Benefit partly or fully clawed back by a tax charge. Her Majesty’s Revenue and Customs (HMRC) wrote to people earning