ACCA TX ^UK Syllabus B. Income Tax And Nic Liabilities - Child benefit tax charge - Past Papers ^{5 / 6}

For the tax year 2014–15, Chi has a salary of £53,000. She received child benefit of £1,771 during this tax year.

What is Chi’s child benefit income tax charge for the tax year 2014–15?

A. £1,771
B. Nil
C. £1,240
D. £531

Richard's adjusted net income was £87,437.

Required:
(b) Assuming that Richard Tryer received child benefit of £1,752 during the tax year 2013–14, advise him of the amount of child benefit income tax charge which he will be subject to and how this will be collected. (2 marks)