Hi
After some advice please. I think I’ve cocked up here. (not after any sympathy ). I was expecting the HMRC to write to me, but I think I need to take care of this myself?
Basically, I think I owe ‘tax’ on the Child Benefit I have received as my salary is over £50K
Here is the breakdown
2015/2016: Total Gross - £51880.02
2016/2017: Total Gross - £52648.08
It only occurred to me as I’ve had a further increase this April (will take my Gross to over £56K).
I am still getting Child Benefit for 1 child. He’s leaving school this year but off to 6th Form for A levels, so I will continue to get CB for another 2 years
1. What should I do? Do I contact the HMRC?
2. Any idea what I will owe? I’m assuming I’ll have to pay penalty for 2015/2016?
Many thanks
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