There are times when the obstinacy and wilful blindness of governments is amazing.
child benefit
Half a million new people will be required to complete a Self Assessment tax return for the year ending this April after the new high income child benefit charge (HICBC) kicks in.
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The new high income child benefit charge (HICBC) applies from 7 January – and anyone wishing to opt out of receiving child benefit for the 2012-13 tax year must do so before that date.
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The ICAEW has gone on the attack over proposed changes to child benefit, calling it a “policy disaster” which is in danger of becoming an “operational and reputational disaster” when it becomes
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Tax experts are warning that child benefit could be the next area for controversy arising from the March Budget, reports Robert Leach.
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