Child BenefitPosted by in HMRC
From the end of October HMRC will begin issuing letters to people who earn over £50,000 and live at an address where child benefit is received. The letter will explain how the changes in the child benefit system will affect the taxpayer. From January 2013 those earning in excess of £50,000 will still be entitled to child benefit on a sliding scale up to £60,000. Beyond that the child benefit will be reduced to nil through a new tax charge.