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CHILL BENEFIT TAX CHARGE

Posted Tue, 30 May 2023 09:05:33 GMT by
Hi I was wondering if someone can help, this is the first time ever I am doing this self-assessment, my salary is 55k. and I got child benefits of 1820 for the whole year, when i am completing the form it says I owe 4-5k i don't understand why the amount is so much higher then child benefits and i paid all my taxes in my paycheck. I have now stopped the child benefit has its stressing me out.
HMRC Admin 10
Posted Thu, 01 Jun 2023 10:57:58 GMT by HMRC Admin 10
Hi
For the High Income Child Benefit Charge the maximum that can be collected back is 100%.
Please ensure that you are entering the correct information regarding your income and the tax collected.
Thankyou.

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