The Family Tax Benefit system has been in existence since 1 July 2000 but continues to cause difficulties for many taxpayers and advisers. Often taxpayers are requested to repay benefits overpaid to them whilst sometimes claims that should be made in tax returns are often overlooked. This presentation examines the following issues:
- the different forms of family assistance
- the major reasons for errors being made
- when to claim via the tax return
- how the baby bonus works
- how the parenting payment differs from family tax benefit.
- the different forms of family assistance
- the major reasons for errors being made
- when to claim via the tax return
- how the baby bonus works
- how the parenting payment differs from family tax benefit.