Tax planning to minimise the High Income Child Benefit Charge
The charge applies if you have adjusted net income over £50,000. We take a look at how you can you use tax planning to minimise paying the charge.
The charge applies if you have adjusted net income over £50,000. We take a look at how you can you use tax planning to minimise paying the charge.
The start of the new tax year means that shareholders and directors may want to review the salary and dividend mix for 2019/20 to ensure that you are in the best possible tax position.
Due to changes to HMRC Self Assessment criteria, many individuals now need to complete tax returns if they receive dividends or Child Benefit.