Highe earner tax child benefit

lucie1978

Hi,

My husband needs to fill in a tax return for 2018/19 as his salary went over the £50k and we were claiming child benefit.

During that time he paid into a cycle to work scheme which according to the HMRC calculator we can deduct from his salary. My question is does this just go on the tax return as expenses as there is no where to put it that states cycle to work.

If we do this then our calculation on the tax return states that HMRC owe us a rebate yet on the HMRC calculator it says we would owe £196.00.

Its all very confusing

ndf9876

The P60 figures are what you should use for the tax return, I believe. You shouldn't need to perform any calculations yourself as this will have been taken into account by the P60.

BoGoF

Are you sure you understand the cycle to work scheme payments? Normally this is done as 'salary sacrifice' which basically means his P60 figure already takes this into account

lucie1978

Well this is what we thought but as it asks you to deduct these on the HMRC calculator we are getting confused. Why ask you to deduct this if its already deducted??

ndf9876

lucie1978 wrote: »

Well this is what we thought but as it asks you to deduct these on the HMRC calculator we are getting confused. Why ask you to deduct this if its already deducted??

I believe the calculator doesn't rely on, or ask for, your P60 figures.

As myself and another poster have stated, you should use those when filing your tax return. The Cycle to Work scheme payments will already have adjusted the figure on the P60.

I agree that HMRC don't exactly make it easy for a tax return to be completed - personally after getting myself confused with that calculator I just gave up on it, used the paperwork I needed and only the paperwork, and completed the return.