Update child benefit and child tax credit details

Source: HM Revenue & Customs | | 05/09/2017

Taxpayers in receipt of child benefit and child tax credits payments should be aware that HMRC can stop making payments on the 31 August following a child’s 16th Birthday.

HMRC has issued a press release reminding parents to inform them if any of their children are aged over 16 and continuing in full-time education or are undertaking an apprenticeship. Where this is the case, the child benefit and child tax credits payments can continue until a qualifying child reaches their 20th birthday. To claim until the age of 20, the young person must have started or enrolled in a course of further education by their 19th birthday.

If your child benefit and / or child tax credits payments have been stopped and your child is continuing with eligible education or approved training you need to let HMRC know. This update process needs to be repeated annually as your children turn 17, 18 and 19 years old and remain qualifying. This can be done using the parents' personal tax account which gives taxpayers the opportunity to manage some of their tax affairs online.

Planning note:

HMRC should also be informed if a young person leaves education or training. This will prevent the build-up of overpayments that will have to be repaid to HMRC. There are penalties for failing to report a change in circumstances to HMRC. In some circumstances, claimants can even be prosecuted for benefit fraud if they deliberately make a claim for benefits to which they were not entitled.



 

Latest News

HMRC’s requirement to correct
20/02/2018 - More...
The new requirement to correct (RTC) legislation was introduced by the Finance (No.2) Act 2017. The legislation created

More on inheritance tax shakeup
20/02/2018 - More...
The Office of Tax Simplification (OTS) provides advice to the Chancellor on simplifying the UK tax system. In a letter

Living abroad and selling UK home?
20/02/2018 - More...
A capital gains tax (CGT) charge on the sale of UK residential property by non-UK residents was introduced in April

Search News


Newsletter

With our newsletter, you automatically receive our latest news by e-mail and get access to the archive including advanced search options!