Update child benefit and child tax credit details

06 Sep 2017

Taxpayers in receipt of child benefit and child tax credits payments should be aware that HMRC can stop making payments on the 31 August following a child’s 16th Birthday.

HMRC has issued a press release reminding parents to inform them if any of their children are aged over 16 and continuing in full-time education or are undertaking an apprenticeship. Where this is the case, the child benefit and child tax credits payments can continue until a qualifying child reaches their 20th birthday. To claim until the age of 20, the young person must have started or enrolled in a course of further education by their 19th birthday.

If your child benefit and / or child tax credits payments have been stopped and your child is continuing with eligible education or approved training you need to let HMRC know. This update process needs to be repeated annually as your children turn 17, 18 and 19 years old and remain qualifying. This can be done using the parents' personal tax account which gives taxpayers the opportunity to manage some of their tax affairs online.

Planning note:

HMRC should also be informed if a young person leaves education or training. This will prevent the build-up of overpayments that will have to be repaid to HMRC. There are penalties for failing to report a change in circumstances to HMRC. In some circumstances, claimants can even be prosecuted for benefit fraud if they deliberately make a claim for benefits to which they were not entitled.

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Grenfell has a broad range of experience and knowledge, working with clients from many different industry sectors. Grenfell is also the senior audit partner in the practice. 

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Chris works with a diverse profile of owner managed businesses to assist them to grow and retain wealth. Although Chris works with clients from a wide range of sectors, he has particular expertise in property, catering, consultancy and professional services.

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Alex has worked for Grenfell James since 2002 and became a director in 2013. Overseeing our internal operations, he manages the flow of work and ensures we hit our strict deadlines. Alex also manages a portfolio of clients, with expertise in manufacturing and service businesses.

 

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David has worked for Grenfell James since 2006. He heads up our tax team and is highly experienced with expertise in different industries and sectors.

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Having started his training in industry, Mark qualified in 2006 and joined Grenfell James in 2010. He works as a client manager with a diverse portfolio of clients, with specialist knowledge of the medical profession. Mark is also an Audit manager in the practice. 

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Hannah qualified in 2016, having worked for the company since 2009. She acts as a client manager for a range of businesses, with expert knowledge of the equestrian and rural sector. Hannah also manages our payroll team.

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JP qualfied in 2014, having worked for Grenfell James since 2007. He is a client manager for a diverse portfolio of clients including those in the manufacturing and serivce industries. 

 

Jon-Paul Lawrence

Client Manager ACCA

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Mr J McCarthy

"Grenfell James have been an amazing partner, managing the pressures that come with taking a start up to a multi million pound concern in 18 months is never easy, but these guys were both strategic and responsive with great ideas and exacting execution   "

Roy Ferguson. The Perfect Cosmetics Company.

"In the past we have been unfortunate to work with some less than reputable accountants. Grenfell James Associates have restored our faith in the accountancy business and assisted us with every aspect of our financial responsibilities. We now have a renewed confidence in our finances, knowing that all our affairs are being dealt with in an efficient and professional manner. Thank you to the whole team and we look forward to many years of working with you. "

NPD Design Consultants Ltd

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Mckechnies independent tea and coffee bar.

"JP has looked after my accounts for a couple of years now, & I have to say nothing is too much trouble for him. As someone who fully appreciates that I know my business, but will always be guided by those who are experts in their own respective discipline, I have never once sent a request or query & not had a reply almost instantly. Highly recommended!     "

Dean. Wootton IT

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IO Studios

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Regent Square Estates

"Since taking over the accounting for our two businesses, Grenfell James have taken away any stress we have had in the past with our accounts. They have been very approachable and easy to talk to, enabling us a better understanding of how we need to run our business. "

Paul Stanley. A S Contracts Ltd.

"For our cash hospitality business, prompt, accurate numbers matter, and the ability to call quickly for break-downs and analysis. GJ is always responsive and ready to be on the case. We never feel short-changed. "

Andrew Knight. The Howard Arms Ilmington

"Thank you Grenfell James for providing an excellent service for both me and Proco. Everything you have said and done has been spot on and on time. A great team and very friendly. Regards, from a very happy customer. "

Proco Coatings & Laminates

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  • 3, The Courtyard
    Timothy's Bridge Road
    Stratford-Upon-Avon
    Warwickshire
    CV37 9NP
  • 01789 294484
  • 2 Moor Leasow
    Northfield
    Birmingham
    B31 3XL
    Mayfair
  • 0121 243 0482
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    Mayfair
    London
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