Accounting Journal

Accounting Journal

Share this post

Accounting Journal
Accounting Journal
Reform of the High-Income Child Benefit Charge

Reform of the High-Income Child Benefit Charge

Asif Patel's avatar
Asif Patel
Jul 28, 2024
∙ Paid

Share this post

Accounting Journal
Accounting Journal
Reform of the High-Income Child Benefit Charge
Share

The High-Income Child Benefit Charge (HICBC) is a tax charge that operates to claw back child benefit where the claimant and/or their partner have adjusted net income in excess of the clawback threshold. For 2023/24 and previous years, this was set at £50,000. The HICBC was equal to 1% of the child benefit paid for every £100 of adjusted net income in e…

Keep reading with a 7-day free trial

Subscribe to Accounting Journal to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 PMA Accountants
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share