** Tax on High Income Child Benefit Charge **

Lisa1978

Good morning, 

I have tried HMRC numerous times but no reply.  Hoping someone can explain my tax calculation that is 612LX. 

The 'child benefit deduction'  is £1,512.  I don't receive that amount for my one child never mind have this amount as a deduction. 
I'm also not sure what the 'estimated tax you owe us this year £1441' is. 

I have copied and pasted below : 

How your tax-free amount is calculated

Personal Allowance  £12,570

Additions

Personal Pension Payments

£800 (This is half of the £1600 that i pay into my employers scheme) 

Job expenses

£312 (working from home) 

Total additions

£1,112

Deductions

Child Benefit (???) 

£1,512

Estimated tax you owe this year 
We estimate you have underpaid £401.00 tax

£1,441 (???) 

Profit - Property income

£4,105

Medical insurance

£501

Total deductions

£7,559

Your total tax-free amount

The amount is£6,123

Dazed_and_C0nfused

That is a tax code (relating to tax paid during the year), not a tax calculation (which finalises things after the tax year ends).

The Child Benefit deduction of £1,512 will probably collect £604.80 extra tax during the year (£1,512 x 40%).

That is not the HICBC, it is ensuring you pay some extra tax towards your HICBC.  You will have more tax on your P60 so less to pay via Self Assessment.

There is no estimated amount of tax owed of £1,441.  There is a tax code deduction of £1,441 which is to try and collect an extra £401 during the course of the tax year (£1,441 x 40% = £576.40 but if tax code is only used for about 2/3rds of the tax year it will collect c£401.