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    • SkyeKnight
    • By SkyeKnight 10th Feb 12, 5:05 PM
    • 480 Posts
    • 614 Thanks
    • #2
    • 10th Feb 12, 5:05 PM
    • #2
    • 10th Feb 12, 5:05 PM
    The government have said it's going to be removed using your tax return. So, presumably on your 2012-2013 tax return you will be asked if you or anyone in your house claims child benefit, etc. Then if you have gone over the threshold they will take the money back in tax for that year.

    Having said that, I don't think any definite details have been published yet - so it could also be based on this year's income.
    • paddedjohn
    • By paddedjohn 10th Feb 12, 9:55 PM
    • 7,092 Posts
    • 7,751 Thanks
    • #3
    • 10th Feb 12, 9:55 PM
    • #3
    • 10th Feb 12, 9:55 PM
    cant you 'employ' your wife for say 10k a year (or whatever amount) to bring you under the threshold?
    Be Alert..........Britain needs lerts.
  • jimmyhillsfanclub
    • #4
    • 13th Feb 12, 12:57 PM
    • #4
    • 13th Feb 12, 12:57 PM
    SkyeKnight.....Thanks. So Its all still a bit of a shambles really isn't it....who'd have thought it?
    Guess I'll just make sure I'm extremely "tax efficient" for this year & next. So, looks like a new company van & laptop is on the cards before April this year.

    PaddedJohn.....That is something I will certainly be looking into for 2012-13.

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