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The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> Child Benefit
Post Info TOPIC: Child Benefit
QBE Book-Keeping


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Child Benefit
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Hello Guys

I have a client who received a letter from HMRC stating that they are going to start charging tax on his child benefit.

According to his P60 his pay for April 2013 was £ 52,704.

His basic salary is 3,875 per month equating to £ 46,500.

He has a Car allowance of £645 per month, and a commuting addition of £ 268.80. 

According to his P11D he has private medical insurance of £700 per year.

Is there anyway round he can avoid paying tax on his Child Benefit too?

Cheers

Rob



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Rob Wilde
RobH


Expert

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Don't think there is anyway around paying this unless your client elects to not receive child benefit but that would only be worth doing if the salary was £60k as the whole benefit is wiped out at that point. The tax should equate to 27% of the child benefit so it could have been worse I guess!

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Rob
www.accounts-solutions.com
kjmcculloch83


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I thought I was seeing things there Rob. When did you get back?

Kris

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BKN Most Innovative Accountancy Firm 2012

Director and Co-Founder of The Bookkeepers Alliance

 
RobH


Expert

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Hi Kris,

they let me back in for good behaviour a couple of days ago....what's your excuse!!! Are you a 'Big Bang Theory' fan by any chance??

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Rob
www.accounts-solutions.com
kjmcculloch83


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I have been known to watch the odd episode...

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BKN Most Innovative Accountancy Firm 2012

Director and Co-Founder of The Bookkeepers Alliance

 
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