Personal taxes and finances

Fewer HICBC penalties – a sign of success, or a reminder to stay compliant?

by Charlie Flockhart
April 23, 2025April 23, 2025

Recent data from HM Revenue & Customs (HMRC) shows a dramatic fall in penalties issued under the High Income Child Benefit Charge (HICBC) – from over 13,500 in 2018/19 to just 46 in 2024/25.

Read More »Fewer HICBC penalties – a sign of success, or a reminder to stay compliant?

Have you paid the right amount of High Income Child Benefit Charge for 2022/23?

by Charlie Flockhart
August 27, 2024August 27, 2024

You may have recently received correspondence from HM Revenue & Customs (HMRC) asking you to check if you need to pay the High Income Child Benefit Charge and to double-check the amount if you have already paid.

Read More »Have you paid the right amount of High Income Child Benefit Charge for 2022/23?

How the personal allowance works

by Charlie Flockhart
December 19, 2022December 19, 2022

Understanding your income tax and personal allowance is important when looking at your finances and how you are taxed.

Read More »How the personal allowance works