I've been earning >50k for a number of years and claiming child benefit but have never done a self-assessment tax return!

[JohnnyBGood]

I thought if your salary minus (pension + childcare vouchers) is less than 50k (which mine always is) then you didn't have to submit one ... but it seems I was wrong!

Is it too late to do one for the year up to 5 April 2018?

I think deadline might be end January 2019. Get your skates on.

Oh! That’s what I thought too. So that’s both of us buggered then!
So if salary is over £50k but less pension takes it under, we have to do a self-assessment but shouldn’t need to pay tax on it? Or now we do need to pay tax?

It's never too late but officially the deadline is 31 January for online tax returns. HMRC will still accept it after that date though.

Get an accountant to do it for you.

You have until 31 Jan to submit your self assessment however you've missed the date where any tax due can be collected via your tax code. This means that you will need to pay any tax owed outright.

As everything is submitted online you'll need a login if you don't have one. It's a long time since I got my login so things may have changed but it used to take a few days to receive login details in the post so don't delay.

I think you're pushing it to get registered for online filing if you don't have an account already. Deadline is 31st January.

Given that there's no tax to pay I'd be inclined to get it right going forward and leave 2017/18. That's not the right thing to do but it might be the most practical!

we thought that too but turns out not to be true. we had to pay back an amount for last few years and just done self assessment for last year.

You have to pay tax on earnings above £11,850. I don't know where you got the £50 k from ?

I thought In relation to child benefit, you only have to complete a self assessment if your income is over £50,000k AFTER deductions like pension contributions.

Why do you think differently?

@marmiteloversunite I think you've misunderstood. The OP is asking about child benefit hence the £50k, not paying tax.

Oops. Sorry!

Oh we're in a similar situation OP and I thought the same as you! So are we supposed to fill out a tax return or not? 🤔

I think from reading this www.gov.uk/guidance/adjusted-net-income

We don't need to do it if your earnings are under 50k after taking of pension contributions??

Call the tax office and check ASAP.

We got caught out with this last year. We thought the threshold was worked out after tax. When we called the tax office to check we found out we were over threshold for 2016/17 as well as 2017/18 and we had to pay back £1700, plus a £100 fine. All in one go.

And yes we had to register online for self assessment and wait for info in post which took ages

OP are you earning over £50k inc. pension contributions and childcare vouchers, but once these are deducted that takes you under £50k?

Thread title states over £50k but OP says under.

sigh

I feel like I’ve asked this question so many times and I still don’t know!

I was of the understanding that if your applicable income (ie your gross salary less the eligible deductions, like pension contributions) is under £50k, you don’t pay any charge and therefore don’t have to do a tax return.

I’ve spoken to HMRC advisors on web chat and read their pages too many times, and keep thinking this is the case.

...is it not?!

That's right imo. And if you earn over that bit don't claim I'm also hoping you don't have to complete one. We don't bother.

Any benefits in kind/ P11D benefits are added to your income. So if your bupa benefit is 5 k pa. Not the tax you pay on the benefit the whole sunscription your employer pays for you.

Then you have to add 5 k to your salary less any pension.

Just for clarity, I earn 54k and pay 5k into pension and childcare vouchers ... that leaves 49k which is less than the 50k threshold above which I would need to pay back money.
But do I need to do a self-assessment form anyway is my question?

ok so checked with dh this morning. His p60, which I assume is taxable income so less pension, is above 50 and this is the figure used for saying he has to do self assessment and pay some cb back. His wage with pension deducted though would take him just under 50k hence why dh has had several conversations with tax people and always assumed was okay in past. However as he gets other benefits e.g. bonus and has share stuff, his taxable yearly income is above 50. it's all been very confusing.

should add bonus is very small, it must we assume be other stuff to do with shares

www.gov.uk/check-if-you-need-tax-return

@JohnnyBGood This will give you the answer - you enter the values and it tells you whether you need to complete one

Yes, I've seen that. It depends what this question means

"What was your total income for the year?
To work this out, add up all your income - for example, salary before tax, taxable benefits (such as a company car), and income from investments or pensions. Then take off anything you can claim tax relief on."

Does the last line mean that I take pension contributions and childcare vouchers from my total salary?
ie, can I claim tax relief on those two items?

Hello, those people who've mentioned that it is salary - pension and childcare vouchers, where did you see the info about childcare vouchers coming off? I've been trying to work out if we need to pay something back as my husband is just over 50k after pension deductions due to a bonus which varies each year but I hadn't taken off childcare vouchers which would take us under 50 I think.
I couldn't see anything that mentioned ChV as a deductible? Thanks!