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HM Revenue & Customs (HMRC) have confirmed that Child Benefit rates increased on 6 April 2024.
A family with one child will now receive up to £1,331 a year and up to £881 a year for each additional child.
Payments are made to families on a 4-weekly basis and paid directly into their bank account. Families with ongoing claims do not need to do anything as the payment amount will be automatically increased.
Parents with newborn babies need to make a claim online to start receiving Child Benefit. Claims can only be backdated by a maximum of three months.
See: https://www.gov.uk/government/news/what-the-child-benefit-rate-rise-means-for-you
06 May 2025
Sole traders and landlords with an income over £50,000 have been warned that there is less than a year before they will be required to use Making Tax Digital for Income Tax (MTD for IT).
The independent review into the loan charge has issued a call for evidence with examples of promotional material and marketing leaflets a priority for the review team.
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