HMRC has repaid £1.8 million in tax penalties to 4,885 parents who were fined for failing to register for the High Income Child Benefit Charge.
The High Income Child Benefit Charge is payable by a taxpayer who has ‘adjusted net income’ in excess of £50,000 where either they or their partner are in receipt of Child Benefit.
35,000 cases of issued fines were reviewed by HMRC, who went on to wipe fines for 6,000 tax payers who had a ‘reasonable excuse’ for failing to register for the charge.
The remaining 29,000 people fined by HMRC who haven’t had their fines wiped are still able to appeal to have it removed.
Quote from Nigel Holland:
“It is important that you notify HMRC of your circumstances and if you fail to do so, check that the fines you receive are correct and make sure that you appeal them if they aren’t.”