Child Benefit changes – 5th October Deadline

Any taxpayer with income above £50,000 in a tax year who receives Child Benefit, or lives or lived with a partner receiving Child Benefit, is now liable to pay an income tax charge.

Parents on higher incomes who received Child Benefit between 7 January and 5 April 2013 must register for Self-Assessment by 5 October to avoid paying any penalties in relation to the High Income Child Benefit Charge for 2012-13.

If you need any assistance with registering with HMRC then please contact one of our tax team or call 0161 249 5040