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100,000 parents slapped with a young child advantage BILL worth thousands in HMRC clampdown dating back once again to 2013

HMRC says all moms and dads should claim advantages to protect their retirement – but also for lots of people, it might lead to a instead big bill from the taxman

Several thousand moms and dads in receipt of benefits built to help families that are working been slapped with a bill for “over-claiming” – in many cases dating dating back to 2013.

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

An additional 60,000 bills will also be being provided for parents whom could owe money when it comes to 2017/18 taxation 12 months.

The situation started with a noticeable improvement in son or daughter advantage guidelines in 2013, which saw anybody earning a lot more than Ј50,000 paying out a few of it right straight back.

This fee increases by 1% for each and every Ј100 attained over Ј50,000 and when you make Ј60,000 you have got at hand the amount that is whole.

Danielle, a mum of three, told us she is been delivered a need for the bill dating back to 5 years.

“Whilst on being on maternity leave because of the twins earlier in the day this season, we received numerous demands for taxation because of me personally being truly an income earner that is high. Up to now We have experienced needs totalling Ј1,200,” she stated. Weiterlesen