HMRC to refund HICBC penalties

Book a Free Consultation
Or call us on 01604 660661
HMRC to refund child benefit fines for higher earners Higher earning parents who were fined by HMRC over child benefit errors could now receive a refund after the taxman agreed to review cases where penalties were issued between April 2013 and March 2016. Since 2013, parents earning more than £50,000 have had to complete a tax return to pay back what they owe, or officially opt out of receiving the benefit. Becky O’Connor, personal finance specialist at Royal London, said: “The Revenue did not communicate the charge properly at the time it was introduced in 2013. As a result, many parents found they not only had to pay back thousands of pounds in tax through self-assessment returns they didn’t know they had to produce, they were also whacked with late payment fines.”

Follow Us