May 2024 - Newby Castleman

Leicester Office: 0116 254 9262

Loughborough Office: 01509 263 500

29th May 202417th June 2024

VAT fraud: check your details

2 minutes to readThere have been recent cases where taxpayers’ bank account details have been amended on the HMRC portal, without their knowledge, so that VAT repayments have been diverted to a third party. Has HMRC contacted you to say your details have been changed? It is understood that Large Business ‘customers’ are being contacted by HMRC to …

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8th May 202415th May 2024

Child benefit: recent updates

3 minutes to readWe explain the recent changes to the High-Income Child Benefit Charge (HICBC). At the March 2024 Spring Budget, the Chancellor announced welcome developments to the HICBC from 6 April 2024. Seen widely as an unfair regime, the current threshold imposes a tapered clawback of child benefit on the highest earner within a household, provided their …

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Newby Castleman is the trading style of Newby Castleman LLP, a Limited Liability Partnership registered in England and Wales Number OC416058. A list of members’ names is available at the business address. Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.