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100,000 parents slapped with a young child benefit BILL thousands that are worth HMRC clampdown dating returning to 2013

HMRC claims all moms and dads should claim advantageous assets to protect their retirement – however for many individuals, it might end up in a bill that is rather big the taxman

Huge number of moms and dads in receipt of advantages built to help working families have been slapped having a bill for “over-claiming” – in many cases dating dating back 2013.

HMRC has revealed it is released 36,000 letters to families whom may owe cash for kid advantages from 2013, while 5,000 more are set become delivered soon.

An additional 60,000 bills will also be being provided for moms and dads who could owe cash for the 2017/18 income tax 12 months.

The situation started by having a noticeable improvement in youngster advantage rules in 2013, which saw anybody earning significantly more than Ј50,000 paying out several of it right straight back.

This fee increases by 1% for almost any Ј100 acquired over Ј50,000 and when you make Ј60,000 you have got at hand the amount that is whole. Continua a leggere