you have to give some of it back in tax payments on a self-assessment form, known as the High Income Child Benefit Charge. HMRC charges you 1% for every £100 of earning between £50,000 to £60,000.

Explore how to avoid self assessment tax return errors while filling tax return and what you can do to avoid them and reduce ...

TENS of thousands of low earners have been fined by HMRC despite owing no tax. Currently, individuals earning less than £12,570 a year do not pay income tax. Similarly, you are not liable to pay ...

Anyone failing to return their self-assessment tax form on time could be fined up to £60 a day, the Inland Revenue said. The government crackdown is aimed at reducing the number of people who ...

You will need to both file a self-assessment tax return and make the relevant tax ... HMRC so they can provide you with the correct forms. You can phone them on 0300 200 3610, or +44 161 930 ...

Reality: Even if a taxpayer does not owe tax, they may still need to file a self-assessment return to claim a tax refund, claim tax relief on business expenses, charitable donations, pension ...

The paper self-assessment tax return deadline on October 31 means thousands of people have to send in their forms or risk ...

Anyone completing a paper tax return and planning to post it ... You need to contact HMRC to receive a paper self-assessment form, which then needs to be posted back to the taxman.

HM Revenue and Customs doesn’t forget about you once you reach state pension age, which is currently 66. Just because you may have stopped working, it doesn’t necessarily mean you’re off the hook when ...

To apply for the grant, farmers must have filled in a self assessment tax form last year The economy minister has confirmed that all eligible farmers can apply for support under a government ...

Those who earn more than £1,000 outside their regular employment were already required to file a Self Assessment tax form with HMRC. It is worth bearing in mind that HMRC will fine you for ...

Capital gains tax (CGT) is payable when an individual sells a valuable asset they own – most commonly, this will be a ...