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Weekly amounts of child / working tax credits and child benefit.
Child Benefit is receivable by a person responsible for each child who is under 16, or under 20 if they stay in approved education or training.
If the person (or their spouse or partner) has 'adjusted net income' above £50,000 the person with the highest income has to pay some of the Child Benefit as a tax charge.
Where 'adjusted net income' is more than £60,000 a year, the tax charge equals the Child Benefit received.
06 Feb 2023
Businesses will receive reduced support for their energy bills from April.
The Bank of England (BoE) has raised the base rate of interest.
The government has launched a consultation on simplifying the UK's research and development (R&D) tax relief system, driving innovation and growing the economy.