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Posted Thu, 04 Apr 2024 07:05:01 GMT by JVinder
hi My taxable income was £50,895 for 2023-2024. I think I know the answer to this but am I liable to pay back the 1% of my child benefit for this year. I realise the bar has been raised to 60k you see. Also in anticipation I filled out a self assessment and sent it, what do I do now. Pay or wait for a response ? Thankyou
Posted Mon, 15 Apr 2024 10:01:06 GMT by HMRC Admin 19

Once the Self Assessment is processed you will receive a calculation advising of the balance due and for 2023 to 2024 you have up to 31 January 2025 to pay the balance.

Thank you.

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