Child Benefit Income Tax Charge

Question 1

When does an income tax charge apply?

Answer 1

If a taxpayer or partner receives child benefit but one has ANI > £50,000

Question 2

What if both partners have an income higher than £50,000?

Answer 2

The partner with the higher income is liable for charge

Question 3

What happens with ANI is between £50,000 and £60,000?

Answer 3

Charge is 1% the amount of child benefit received for every £100 of income over £50,000