Introduced back in 2013, the High Income Child Benefit Charge is meant to allow the government to regain some money from those claiming Child Benefits whilst at least one member of the household is earning over £50k a year. However, the charge hasn’t been updated since its introduction and is only applied by the household themselves on their tax returns, both of which has lead to concerns about its efficiency. The briefing is designed to help remind the reader why the HICBC was introduced to see what elements of it need reform.
You can read the full briefing here.
