mimi3737
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RE: Calculating adjusted net income for tax free childcare / 30 free hours
Hi HRMC team It is quite clear that a lot of people (myself include) do not understand how to calculate the adjusted net income. Maybe a tool from HRMC in the future could be nice ;) Anyway, my question is quite simple: if we apply for free childcare and say that we are below < 100K for adjusted net income (since we do not know how to calculate) so we get some free chilcare. Let s say that after a few weeks/months, we or HRMC realize that we made a mistake and the adjusted net income is actually > 100K then what happens? Do we need to refund HRMC of I dont know how much in one go ? Or is it deducted from payslip with tax code change? Let me know Thank you