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.
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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Vada Studios is a very successful music recording facility. The business had outgrown their existing premises, and had a vision to create one of the top residential recording studios in the UK.
A highly successful restaurant, butcher and retail business.
GJA have been the retained accountants for this property investment and development group for over 20 years. Imminently due to dissolve companies.
Proco approached us with an idea of becoming a distributor of a high-end product in the UK, supplying vinyl nationally.
In 2008 Tom Floate left his employer to set up his own business providing website services. Initially forming a partnership with his wife Rachel, they began trading IO Studios from their home office.
Barry the Butcher is a very successful wholesale butchery and retail business.
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.
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.
Managing Director ACMA
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.
Operational Director MAAT
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.
Tax Director ACCA
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.
Audit and Client Manager FCCA
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.
Client Manager ACCA
Mr J McCarthy
Roy Ferguson. The Perfect Cosmetics Company.
NPD Design Consultants Ltd
Mckechnies independent tea and coffee bar.
Dean. Wootton IT
Regent Square Estates
Paul Stanley. A S Contracts Ltd.
Andrew Knight. The Howard Arms Ilmington
Proco Coatings & Laminates
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