High Income Child Benefit Charge deadline 31 January - EA Assist
EA Assist Ltd offers payroll and bookkeeping services throughout Norfolk and Suffolk. We provide a complete payroll service including CIS, RTI and Auto-enrolment along with Bookkeeping, VAT and Cloud accounting services.
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High Income Child Benefit Charge deadline 31 January

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High Income Child Benefit Charge deadline 31 January

High Income Child Benefit Charge deadline 31 January

Do any of your employees have a total income of over £50,000? They may have to pay a tax charge, known as the High Income Child Benefit Charge if they or their
partner get Child Benefit. Any tax owed will be back dated until the new rates came in to force in 2013.

If your employees are liable for the charge then they may need to file a tax return before the 31 January deadline. There could be a penalty if a return is not filed and tax is due.

People earning over £50,000 should:

  • check their annual income either on their P60 or their personal tax account
  • include any taxable benefits, for example medical insurance, company car or accommodation in their income
    use the child benefit tax calculator
  • to avoid a penalty, notify HMRC and register for Self Assessment and submit a 2018 to 2019 return before 31 January 2020 and pay what is due.

Child Benefit remains a universal benefit. It is important for parents to fill in the Child Benefit claim form so they do not miss out on National Insurance credits, which help to protect their State Pension.

You can opt out of claiming Child Benefit payments so they won’t have to pay the charge for future tax years but will still receive the National Insurance credits.
More information on Child Benefit can be found here.

If you need help with your payroll then get in touch. We offer a complete payroll solution bespoke to each business. Give us a call now on 01379 646043 or email info~ea-assist.co.uk.

To find out more about our payroll support service visit our website here.