George Osborne's plan to cut child benefit is still mired in confusion just eleven weeks before it starts, with tax experts warning the Government that they have left it too late to implement the reform in time.
HMRC is preparing to send letters to all high-earning taxpayers it thinks will be affected by the change, which will see child benefit cut in families where one parent earns over £50,000. Families where a parent earns over £60,000 will lose the money completely.
However the Institute of Chartered Accountants in England and Wales (ICAEW) warned last night that time is running out before the January 7 implementation of the cut.
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