Child Benefit for 16 – 19 year olds
More than a million parents will receive reminders to extend Child Benefit for their teenagers if they are continuing their education or training after their GCSEs.
HM Revenue and Customs (HMRC) is sending more than 1.4 million Child Benefit
Types of HMRC enquiries
HMRC can enquire into any statutory return (or amendment of that return) or statutory claim to check if the return / claim has been prepared correctly or if further information is required.
HMRC’s internal manuals state that there is no statutory
New Brooms
As time passes during the present election campaign, its seems more likely that we may have a change of government from the 5 July.
Labour have disclosed a number of tax changes they would introduce. To summarise they are:
Private school fees
Falling inflation – what does it mean for you?
The following notes are reproduced from a Treasury statement issued 21 May 2024.
Lower inflation supports people by maintaining the purchasing power of their money.
If prices only rise slowly, people can plan their budgets more effectively –
Change
There is a French saying “Plus ca change, plus c’est la meme chose” meaning, the more things change, the more they stay the same.
Its interesting to apply this to a change that is about to come about, if, as expected, the Labour Party
New protection for consumers
The Digital Markets, Competition and Consumers Act has become law after receiving Royal Assent.
The Act paves the way to give consumers rights across the UK, with greater control and clarity over online purchases.
It does this by requiring
General election date announced
The Prime Minister, Rishi Sunak, declared from the steps of Downing Street (on 22 May 2024) that the next general election will take place on 4 July 2024.
The Prime Minister confirmed that he had spoken with His Majesty the King to request the
Benefits of a fall in inflation
An economist from the Treasury explains exactly what a fall in inflation means for you.
How will lower inflation help the economy?
Lower inflation supports people by maintaining the purchasing power of their money.
If prices only rise slowly,
View your annual tax summary
The Annual Tax Summary is a document provided by HMRC that shows details of the tax you pay and how this is used by government.
The Annual Tax Summary shows:
your taxable income from all sources that HMRC knew about at the time that it was
Universal Credit changes
Universal Credit claimants working less than half of a full-time week will have to look to increase their hours but will be able to benefit from extra work coach support. These changes will see 400,000 Universal Credit claimants receive more help to