HICBC documents

The HICBC guidance is at: www.hmrc.gov.uk/childbenefitcharge

The online ‘KANA’ form to elect not to receive Child Benefit is at: https://online.hmrc.gov.uk/shortforms/form/CBOptOut?dept-name=&sub-dept-name=&location=43&origin=http://www.hmrc.gov.uk. Taxpayers will need to submit this to HMRC before 7 January for it to be effective for 2012/13.

The online KANA form to restart Child Benefit payments is at: https://online.hmrc.gov.uk/shortforms/form/CBOptIn?dept-name=&sub-dept-name=&location=43&origin=http://www.hmrc.gov.uk

The online KANA form to request some information about a partner’s income or Child Benefit receipts is at: https://online.hmrc.gov.uk/shortforms/form/HICBCDisc?dept-name=&sub-dept-name=&location=43&origin=http://www.hmrc.gov.uk

Letters are being send this week to most taxpayers that HMRC think will be affected by the HICBC; the letters are due to start arriving on doormats later this week – probably Saturday.

The documents include:

• a copy of the letter
• the flowchart that will accompany the letter
• the new Child Benefit (CB) claim form, which includes an optional election not to receive CB
• some FAQs
• copy of the KANA election form to enable current CB recipients to opt not to receive CB from 7 January 2013; and
• the HMRC directions – these include confirmation that an election will not have effect if the high income person’s income unexpectedly falls and ends up in the band between £50k and £60k if you notify HMRC on a revocation form, so these people should not lose out.

Our press release on this is at: http://www.tax.org.uk/media_centre/Press+Releases/cbtc_change. This includes a brief summary of the provisions.