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Higher income parents remember to register for self assessment

Higher income parents remember to register for self assessment

HMRC will be issuing a reminder to parents on higher incomes who continued to receive child benefit after 7 Jan 2013 that they need to register for Self-assessment by 5 Oct 2013 or risk incurring a penalty.

If your income is over £50,000 and you or your partner received child benefit in 2012/13, you will need to complete a self-assessment tax return for the 2012/13 tax year.

People who stopped child benefit payments before 7 January 2013 do not need to take any further action.

 

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