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August 6, 2016 at 8:34 am
sir shall we only add child benefit in Tax payable i Couldn’t under stand if you could share full question and answer for this thank you
August 10, 2016 at 5:19 pm
The child benefit tax will added in the computation of the income tax liability. A proforma is showed below:
Income tax: £
Basic rate tax @ 20% x
Higher rate tax @ 40% x
Child Benefit tax x
Income tax liability. xxx
This performs shows where a person is a higher rate payer with either non-savings income and savings Income or both.
Hope this is helpful.
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