HMRC clarifies how tax codes will work under after Child Benefit rules change | Personal Finance | Finance
HMRC has explained how tax codes will change for those affected by changes to Child Benefit.
As announced in the Spring Budget, the income threshold for the High-Income Child Benefit Charge has increased from £50,000 to £60,000, with the taper limit at which all the benefit has to be repaid now at £80,000.
A dad asked the tax authority over X: “Will tax codes be automatically updated to reflect changes to the High Income Child Benefit Charge thresholds?
“The adjustment to my current tax code…