Charles_M_B Charles_M_B
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2024 high income child benefit charge change and 2024/25 tax code
Hello, will my 2024/25 tax code be changed automatically to reflect the changes to the high income child benefit charge announced in the Budget? My tax code letter says that the code includes a deduction to recover child benefit as my income is expected to exceed £50k. But this is now out of date as the charge is only due if income is expected to exceed £60k. Surely I will not have to wait until I submit my tax return for 2024/25 to recover tax that looks like it is going to be deducted but is not longer due?