Accountants slam child benefit plan
The Institute of Chartered Accountants for England and Wales has told the Treasury that controversial plans to deny child benefit to families with a high earner are "seriously flawed in principle and in practice".
Ian Young, who heads the ICAEW's Tax Faculty, told BBC News this afternoon:
"I think it’s going to be very difficult the way the proposal is currently drafted to implement it and for people to comply with their new obligations.
"Basically, you’re trying to withdraw child benefit if one member of a couple earns more than £50,000 a year and the big problem is that this a non means-tested benefit which is paid to couples in respect of their children and you’re trying to claw that back potentially through the income tax system and the income tax system works by reference to the individual."