Many parents who stopped receiving Child Benefit payments after 7 January 2013, or who are continuing to receive Child Benefit with income over £50,000, still need to register to file Self Assessment tax returns for the 2012-13 tax year. Those affected must register by 5 October 2013 to avoid potential penalties.
The High Income Child Benefit Charge came into effect on 7 January 2013 and applies to an individual with an income of over £50,000 a year who either received Child Benefit payments after 7 January 2013, or who has a partner who received the benefit.
For more information on the High Income Child Benefit Charge please click here .