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 read There 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 read We 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.