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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 £50,000 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 £60,000 a year, the tax charge equals the Child Benefit received.
09 Jan 2022
On 21 December 2021, Chancellor of the Exchequer, Rishi Sunak, unveiled a £1 billion COVID-19 fund, including cash grants of up to £6,000 per premises for each eligible firm.
HMRC has reminded self assessment taxpayers to declare any COVID-19 grant payments on their 2020/21 tax return.
In common with many businesses, and based on government recommendations, we have now taken the decision to work from home and our office will be closed for the foreseeable future. We will, however, do our utmost to maintain business as usual.
During this difficult period please contact us via our usual email addresses or, if your enquiry is urgent, please call Alan Carter on 07868 037611 (mobile) or David Lyons on 07711 037564 (mobile). The main office telephone and answer-machine will not be answered at this time.
Thank you in anticipation of your co-operation and understanding as we all try to chart the stormy waters ahead.
Please take care and stay safe.Leonard Jones & Co