Help with child benefit self-assesment

capsch

Has anyone seen a really simple how-to on this im really confused.

thanks

nomunnofun

capsch wrote: »

Has anyone seen a really simple how-to on this im really confused.

thanks

I can appreciate that you may be filling in a self-assesment form for the first time as a result of the new child benefit entitlement rules but we really do need a bit more to go on?

What aspect particularly is confusing you?

capsch

thanks

I mean all of it i thought there may have been a 'fill in section x' with y out there somewhere.

nomunnofun

Have you registered for online filing?
Have you difficulty in logging in?
What income do you have that causes you to lose child benefit?

xylophone

http://www.hmrc.gov.uk/childbenefitcharge/ does anything here help?

Have you thought of paying extra into your pension to avoid losing CB?http://www.theguardian.com/money/2013/sep/28/child-benefit-pension-contributions-higher-earners

capsch

Hi sorry yes been putting this off, can i just add the Child benefit information? i mean leave out employment info (this complicates things as I have underpaid as PAYE)

There is a question do you earn over 50k? i mean thats all that is required right?

nomunnofun

capsch wrote: »

Hi sorry yes been putting this off, can i just add the Child benefit information? i mean leave out employment info (this complicates things as I have underpaid as PAYE)

There is a question do you earn over 50k? i mean thats all that is required right?

From memory - I think that it says 'only fill in this section if your income is over £50000' That does not mean that you can ignore the rest of the form.

If you only have employment income it should be relatively simple. All that you require is your form P60 for 2012/13 and complete the form accordingly.

zagfles

capsch wrote: »

Hi sorry yes been putting this off, can i just add the Child benefit information? i mean leave out employment info (this complicates things as I have underpaid as PAYE)

There is a question do you earn over 50k? i mean thats all that is required right?

No, it's not. They need your exact income (under £60k and they won't take all the child ben back), they need how much child ben you got. Plus any other income eg interest.

capsch

thanks really appreciate the responses

Heres the rub they sent me a recent p800 saying i under paid by £xxx, this was worked out with a minus 'adjustment' amount (I guess from a previous over payment)

This under payment has been entered into my tax code already.

Now I enter the amounts from my p60 etc this results in

£yyy This is under payed tax (without adjustment) + child benefit
How can i add in the adjustment so it tallies with my recent p800? otherwise I will end up over paying as they are requesting a cheque for £yyy

im PAYE it should be so easy just to send them the child benefit surplus.

Cheers

Red

zagfles

capsch wrote: »

thanks really appreciate the responses

Heres the rub they sent me a recent p800 saying i under paid by £xxx, this was worked out with a minus 'adjustment' amount (I guess from a previous over payment)

This under payment has been entered into my tax code already.

Now I enter the amounts from my p60 etc this results in

£yyy This is under payed tax (without adjustment) + child benefit
How can i add in the adjustment so it tallies with my recent p800? otherwise I will end up over paying as they are requesting a cheque for £yyy

im PAYE it should be so easy just to send them the child benefit surplus.

Cheers

Red

There's a section which deals with all that, just be careful filling it in.

cotswoldaccountant

P800s are often mistakenly sent out to taxpayers who are on self assessment. If a tax return is sent in, then a P800 should not be issued. But it often happens that the P800 is issued before the tax return is submitted.

You should fill in all sections of the tax return accurately, and I would suggest that you follow up the submission of the tax return with a phone call to HMRC to confirm that they are treating your underpaid tax correctly.