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Section 681C The amount of the chargeF1

(1)

The amount of the high income child benefit charge to which a person (“P”) is liable for a tax year is the appropriate percentage of the total of—

(a)

any amounts in relation to which condition A is met, and

(b)

any amounts in relation to which condition B is met.

For conditions A and B, see section 681B.

(2)

“The appropriate percentage” is—

(a)

100%, or

(b)

if less, the percentage determined by the formula—

ANI – L X %

Where—

ANI is P's adjusted net income for the tax year;

L is F2£60,000;

X is F3£200.

(3)

If—

(a)

the total of the amounts mentioned in paragraphs (a) and (b) of subsection (1), or the amount of the charge determined under that subsection, is not a whole number of pounds, or

(b)

the percentage determined under subsection (2)(b) is not a whole number,

it is to be rounded down to the nearest whole number.

Annotations

Textual amendments

F1

Pt. 10 Ch. 8 inserted (with effect in accordance with Sch. 1 para. 7 of the amending Act) by Finance Act 2012 (c. 14), Sch. 1 para. 1

F2

Sum in s. 681C(2)(b) substituted (6.4.2024 for the tax year 2024-25 and subsequent years) by Finance (No. 2) Act 2024 (c. 12), s. 5(1)(3) (with s. 5(4)-(7))

F3

Sum in s. 681C(2)(b) substituted (6.4.2024 for the tax year 2024-25 and subsequent years) by Finance (No. 2) Act 2024 (c. 12), s. 5(2)(3) (with s. 5(4)-(7))

Notes on Part 10

Textual amendments

F1

Word in Pt. 10 heading inserted (for the tax year 2025-26 and subsequent tax years) by Finance Act 2026 (c. 11), Sch. 10 paras. 1(2), 5