Tens of thousands of parents have just hours left to submit self-assessment tax returns for child benefit – if their income has exceeded the £50,000 mark since last April.
Whether you’re self-employed or not, if you’re earning over £50,000 and claim child support, you must tell HMRC about your earnings and repay any tax back under the High Income Child Benefit Charge (HICBC).
To do this you need to file a tax return and the extended deadline is midnight February 28.
