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Child benefits taxable?


Drutently
Posts: 2
Topic starter
(@drutently)
New Member
Joined: 3 years ago

Hello πŸ™‚ I'm self employed, so declare how much money I've made at the end of every year. However, during this year me and my wife had a child, and we now receive child benefits. Do I need to declare this/pay tax on it? I use an online tax tool to get a rough amount of the taxes I owe but I'm not sure whether to include the child benefits or not? I don't claim any other benefits. Hopefully the rules on benefits are the same whether you self-assess or pay tax via PAYE. Either way, thank you so much in advance! πŸ™‚

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Lynora
Posts: 4251
(@jabba-the-hut)
Famed Member
Joined: 17 years ago

You should declare it on your self-assessment form - or the 'claimant' should (normally the mother). It should not be taxed if you are earning less than Β£50K. You can always call your tax office - they have always been very helpful to me over the years.

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Drutently
Posts: 2
Topic starter
(@drutently)
New Member
Joined: 3 years ago

Hello πŸ™‚ I'm self employed, so declare how much money I've made at the end of every year. However, during this year me and my wife had a child, and we now receive child benefits. Do I need to declare this/pay tax on it? I use an online tax tool to get a rough amount of the taxes I owe but I'm not sure whether to include the child benefits or not? I don't claim any other benefits. Hopefully the rules on benefits are the same whether you self-assess or pay tax via PAYE. Either way, thank you so much in advance! πŸ™‚

You should declare it on your self-assessment form - or the 'claimant' should (normally the mother). It should not be taxed if you are earning less than Β£50K. You can always call your tax office - they have always been very helpful to me over the years.

Ah, so with me claiming the child benefit I should record it as income, but not calculate tax on it as I earn less than Β£50k? I'll certainly look into calling a tax office, hopefully they're as helpful to me as they have been for you! Thank you for the reply πŸ™‚

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