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The High-Income Child Benefit Charge Explained (Updated for 2024/25) If you or your partner receive Child Benefit and one of you earns more than £60,000 a year, there’s a tax rule you need to know about — the High-Income Child Benefit Charge (HICBC). It’s one of those HMRC traps that catches thousands of families every year, often because the rules change quietly in the background. So let’s walk through exactly what’s new, how it works, and what you can do to stay ahead.

Understanding the Reverse Charge in the Construction Industry The Reverse Charge for VAT is a mechanism introduced by HMRC to simplify...

How to Use Business Bank Accounts to Manage VAT, CIS & Tax

Navigating the world of Construction Industry Scheme (CIS) returns can be daunting. Many contractors and subcontractors find themselves...

In the competitive world of construction, financial management can often feel overwhelming. Many business owners struggle to keep track...

Tax season can be a stressful time for many, especially for those in the construction industry. Navigating the complexities of the...