The change will affect workers who acquire 60,000 pounds or more if they are calling for the child
Workers who get 60,000 pounds, claim that the child’s benefits have prepared to lose money from Paylips after changing HMRC.
His revenues and beauty announced His Majesty King (HMRC) that it simplifies the way the families will pay the fees of high -income child entitlements (HICBC), according to Express.co.uk reports.
If you claim a child’s entitlement, you should pay HICBC – or your partner – you earn more than one individual income threshold, which currently increases more than 60,000 pounds for the tax year 2024/25.
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This amount will remain as it is in the tax year 2025/26, which begins on April 6.
The fees are calculated as one percent of the total entitlements of children that were received for every 100 pounds of income more than 60,000 pounds.
If your income reaches 80,000 pounds, the child’s entitlement will be completely withdrawn.
Currently, HICBC is collected by HMRC through self -evaluation, which means that you must fill the tax declaration before the end of each tax year claiming to benefit from the child and submit it to HMRC.
But the government changes this process by giving parents the option to pay fees through Paye instead.
This means that working parents who choose to do this will be automatically deducted from their Payslips, thus removing the need to register for self -evaluation. This change is scheduled to start from the summer of 2025 by launching a new digital service.
In a publication on X (previously Twitter), Al -Khazran wrote: “We are making it easier for families to pay a high -income child entitlements fees (HICBC).
“From the summer of 2025, the parents of the working people will have the option to pay HICBC through Paye, and remove the need to register for self -evaluation.”
Then this imminent change was confirmed in a government document published after the spring statement of Chancellor Rachel Reeves last week, which stipulates the following: “HICBC – from the summer of 2025, and individuals working in HICBC will be able to register for their families.”
If you or your partner earn 60,000 pounds or less annually, you can claim the entire customer of the child if the child lives with you, or if you pay the same weekly amount to take advantage of their care. The father or the care provider can only claim it so that you can make a decision between you who gets it.
You will not have to pay tax fees if your partner “net income” is less than 60,000 pounds.