Advisers should swot up on tax credits advice
Tax credits confusion could see advisers providing more advice to couples on how the system works
Advisers should brace themselves for a surge in tax credit advice for married
couples after a new report highlighted problems with the system.
Tax Advice Network chairman Mark Lee has warned that a new Civitas report
into the tax credits system, which has flagged up issues with married couples
claiming credits, could see accountants providing more advice in this area.
‘More and more accountants will find themselves having to advise on tax
credits,’ said Lee. ‘And although their motivation for doing so will be to
assist clients in securing the levels of tax credits to which they are ”
entitled”, it could also lead to them being asked about the impact on tax
credits claims if a couple marry.’
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