Having early conversations with payroll providers and software suppliers is important to get ahead of the curve on P11D changes, says ...

The new figures follows years of criticism that the rules were "unfair, confusing, and disproportionately punitive".

“This latest data shows just how far the High Income Child Benefit Charge (HICBC) has reshaped the Child Benefit system. Over ...

Changes to the system mean that penalties collapsed by 99 per cent between 2023 and 2024, according to a Freedom of ...

The child benefit rules have faced years of criticism that they were unfair, confusing and disproportionately punitive ...

The number of penalties issued to families caught out by the High Income Child Benefit Charge (HICBC) has plummeted by 99%, ...

Still, the system relies on the higher earner recognising this and notifying HMRC themselves – often ... hovering near the income threshold, salary sacrifice into a pension can be a wise ...

Frozen income tax thresholds and a rise in national insurance rates have boosted the appeal of salary sacrifice schemes for both workers and employers looking to lower their tax burden.

Since reforms were introduced in 2015, retirement savers who make an initial withdrawal from a "defined contribution" pension pot are taxed by HMRC. However, instead of the normal income tax rate ...