You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
Halesworth: 01986 872706 Bungay: 01986 893949 Lowestoft: 01502 507434 info@vandijk.co
Weekly amounts of child / working tax credits and child benefit.
Child Benefit is receivable by a person responsible for each child until they reach 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.
Why not contact van Dijk Accountants Limited today for more information or a FREE no obligation quote.
There is less than a year to go before all employers must tax benefits-in-kind via the payroll, the Chartered Institute of Taxation has warned.
The government has confirmed it will review approved mileage rates for business users ahead of a future Budget.