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Some 110,000 higher-earning parents who receive child benefit payments face a fine if they fail to register for, and return, tax self-assessment forms. The deadline for submitting online tax returns is 31 January, with 10.9 million expected to be filed to HM Revenue and Customs (HMRC) by then.
Many people, who face a tax charge because they receive child benefit, will be filing for the first time. Tens of thousands of them have yet to register with the deadline looming.
They face an immediate penalty of £100 if they miss the deadline. This penalty could grow by hundreds of pounds if they fail to submit the returns during the following months.
Benefit rule changes
Those eligible for child benefit receive £20.30 per week for the first child and £13.40 a week for any subsequent children.....Read more here
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