Child Benefit Income Tax Charge

Comments

1. accakeisha says

   February 4, 2017 at 11:12 am

   Most certainly helped me

   Log in to Reply

2. torialayzazai9991 says

   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

   Log in to Reply

   • Isaac says

     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.

     Log in to Reply