child benefit Archives | Taxfile https://www.taxfile.co.uk/tag/child-benefit/ Tax advice & accounting services for South London businesses & SMEs Thu, 13 Mar 2025 15:13:02 +0000 en-GB hourly 1 Demystifying the SA302: Your Tax Summary Explained https://www.taxfile.co.uk/2024/03/sa302-tax-summary-explained/ Mon, 25 Mar 2024 10:13:21 +0000 https://www.taxfile.co.uk/?p=8032 Demystifying the SA302: Your Tax Summary Explained

by Faiz at Taxfile

An SA302 is a document issued by HM Revenue & Customs (HMRC) that summarizes your income tax calculation for a specific tax year. It shows how your tax bill was arrived at, including your income from various sources, any deductions and allowances, and the final amount of tax owed or refunded. In today's guide, we explain why your SA302 is important, how and where to get a copy of it, and why it's important to check tax returns and avoid errors.

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Spring Budget 2024: A Balancing Act for the UK Economy https://www.taxfile.co.uk/2024/03/spring-budget-2024/ Tue, 12 Mar 2024 14:03:45 +0000 https://www.taxfile.co.uk/?p=7975 Spring Budget 2024: A Balancing Act for the UK Economy

by Ali at Taxfile.

The UK Chancellor, Jeremy Hunt, delivered his Spring Budget on March 6, 2024, amidst a backdrop of subdued economic growth and limited fiscal headroom. The budget aimed to strike a delicate balance between supporting economic activity, controlling public spending, and preparing for future challenges.

If you have missed the announcements, the Key Highlights for the majority of our clients are as follows.

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What 31 August means for Child Tax Credit (“CTC”) and Child Benefit https://www.taxfile.co.uk/2013/08/what-31-august-means-for-child-tax-credit-ctc-and-child-benefit/ Thu, 29 Aug 2013 12:27:56 +0000 http://www.taxfile.co.uk/blog/?p=529 On 31 August, Child Benefit and Child Tax Credit (“CTC”) will cease for children, aged 16 at that date, who have left approved* education or training. However if they continue in approved training/education then these benefits may continue but only if the parent or claimant has told HMRC’s Child Benefit Office and/or Tax Credit Office […]

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