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    • Magnoliahaze
    • By Magnoliahaze 10th Oct 17, 12:16 AM
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    Magnoliahaze
    Sleepless nights ahead. Please help
    • #1
    • 10th Oct 17, 12:16 AM
    Sleepless nights ahead. Please help 10th Oct 17 at 12:16 AM
    Hi my husband just got a tax compliance notification regarding child benefit payments for year end 2015 & 2016. His annual salary for both years was around £51k before pension, he also pays student loan company. I wrongly assumed student loan payments were made before tax and thought we were ok. For year end 2015 he also got a nice bonus and some allowances but with student loan and pension I thought we'd be ok. The letter says his taxable income is estimated to be £55 k that year and we should repay £1k, for 2016 we only have to repay £71. Obviously we have to repay which will be difficult financially but I'm really worried about what's involved in a compliance check. Can anyone let me know if they've been through it for child benefit and what was involved. I get anxious about official things and can be a bit doomsday. Please help
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    • Darksparkle
    • By Darksparkle 10th Oct 17, 6:16 AM
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    Darksparkle
    • #2
    • 10th Oct 17, 6:16 AM
    • #2
    • 10th Oct 17, 6:16 AM
    Did they not send any factsheets with their letter? The factsheets explain the compliance process.

    https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/473290/CC-FS1a_10_15.pdf

    He’ll need to confirm the correct figures for both years.

    They’ll then confirm exactly how much tax is due.

    Interest will then be due from the date the tax should have been paid until the date he actually pays it. For the year ending 2015 that would be 31/01/2016 and for year ending 2016, 31/01/2017.

    They may also charge a penalty for him failing to complete a tax return. This is done on a percentage basis of the tax due depending on why he did not complete the return. You say you thought it was fine because of student loan repayments, so they may ask why you thought that, if you sought any advice from them or a tax adviser. Did you look online for help etc. The more your husband helps them and answers their letters on time, the less a penalty will be.

    He’ll need to submit returns for this year and any future years that returns are issued to him.
    Last edited by Darksparkle; 10-10-2017 at 6:22 AM.
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