Child Benefit Claw-Back.

If you or your spouse/partner claim child benefit, and at least one of you has adjusted net income of £50,000 or more for the year, the highest earner must declare the benefit on their tax return in order to pay back part or all of the child benefit as a tax charge.


RTI Penalties.

Last month we warned you about the penalties coming into effect for late filed RTI reports.


Taskforce At Large.

HMRC has set up specialist tax investigation teams to concentrate on recovering unpaid tax from particular business sectors or as a result of tax fraud.


Accelerated Payments.

The Taxman now has the power to demand tax from you if you have used a registered tax avoidance scheme, or if he thinks the tax scheme you have used is similar to one that has been judged to fail by a Court or Tribunal.


Real Time Information (RTI) Interest.

In the past some employers would play the PAYE system, holding on to the PAYE deductions until the last payment date of the year, and then paying the balance due before interest was charged.


Second Incomes.

The Taxman is reaching out to employees with second incomes, which could be anything rom selling home-made items, to working as a self-employed consultant.