Wealth Design News

HMRC is considering refunding some parents and guardians who were fined for not registering for the high-income child benefit charge. The department has said it will review cases in the 2013/14, 2014/15 and 2015/16 tax years and will offer refunds to taxpayers who it finds had a reasonable excuse for not registering to pay the high-income child benefit charge (HICBC). Alongside this, HMRC is writing to taxpayers who might be liable to pay the HICBC for 2016/17 and 2017/18 to explain the rule and help them avoid having to pay a penalty.