Child Benefit

It was proposed last year that Child Benefit be cut for higher-rate taxpayers from 2013.  This puts households with one higher earner at a disadvantage compared to a family with two people paying basic-rate tax.  This is in the news again at present, and the...

PPI Compensation

HMRC have now clarified the treatment of payments resulting from successful claims for missold payment protection (PPI).  Refunds themselves are not taxable.  Any interest added (typically 8%) is taxable, and needs to appear on the tax return.  I also suggest that...