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The child benefit is simply a payment that the UK government can give to any parent who has children under the age of 16.
How much you get depends on:
You have 1 child
You get £20.70 per week for your child.
In total that’s £1,095 per year.
Whoever has the higher income: either you or your spouse or civil partner.
HMRC doesn’t care whose bank account the Child Benefit went into.
You or your partner will need to:
What you can do:
With the third option you get all the benefits but without filing a tax return or paying something back.
Most people in full-time jobs who only have PAYE income never have to bother with tax returns.
The only times when you need to submit a Self Assessment tax return are:
If you’re not sure which one applies to you, read our guide to who needs to file a tax return here – it’s a long list
The UK tax year for individuals starts April 6th and ends April 5th of the following year. From then, you have until January 31st to complete your online tax return for the previous tax year.
The tax code is just a series of numbers and letters that tells HMRC how much tax you should be paying.
The numbers in your tax code tell your employer or pension provider how much tax-free income you are entitled to in that tax year.
The most common one for 2019/20 will be 1250L:
If you take a second job, then you don’t get a personal allowance for this one, so you need to make sure that the job that pays you the most is the one with “L” and not “BR”.
Figuring out how to file a personal tax return is hard.
At TaxScouts, we do it for you online, fast, and for just £119, all in.
Click the button below and we’ll get you started.
And we mean a few. After a couple of minutes of answering questions online we’ll have everything we need to start working on your tax return.
That’s right, you’ll be matched with a real accountant who is best suited to prepare your return. Plus, they’re on hand for questions whenever you need.
Once you’ve signed off your return, your TaxScouts accountant will file your return online with HMRC. That’s it! We told you it was simple.