HM Revenue and Customs (HMRC) is today reminding people with an income over £60,000 whose family is still receiving Child Benefit to opt out before 28 March if they wish to avoid filling in a tax return and repaying the benefit for the 2013/14 tax year.
High-earning child benefit recipients have a month to decide whether to stop receiving the benefit or to pay a charge on it through Self Assessment.
Mary Aiston, HM Revenue & Customs’ Director of Personal Tax, explains the changes to Child Benefit from January and where to go for help.
Around one million letters will be issued during November to families affected by next year’s changes to Child Benefit.
