Benefit of the Doubt – Cancellation of Failure to Notify Penalties for the High Income Child Benefit Charge

6,000 penalties issued to parents who did not inform HMRC that they needed to pay the High Income Child Benefit Charge (HICBC), have now been cancelled. The HICBC is designed to claw back some/all of the child benefit received by the taxpayer through their self-assessment tax return where their income or their partner’s income exceeds … Continue reading Benefit of the Doubt – Cancellation of Failure to Notify Penalties for the High Income Child Benefit Charge