A client just got one of those chaser letters about child benefit (HICBC), they had given 52 weeks to their previous accountant instead of 53 weeks last tax year.
We always look up the exact amount on government sites rather than using the client’s figures.
It was not a nice letter to receive for only 1 week - £100 or so owing.
So check the child benefit before entering as they are hot on this and it is a long letter about missing income rather than a statement with £100 owing.
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It's so easy to check, I don't know why everyone doesn't do it. Also, when circumstances change and benefits stop, if the client can tell you what date the Child Benefit Office tells them the CHB stopped, the online calculator copes with that as well. https://www.gov.uk/child-benefit-tax-calculator
Only for those between £50k and £60k do you need to put in income details. For someone who's clearly over the £60k, we just put in £100k.
Which tax year is that for?
I thought that last 53 week period was 2015/16, and the next one is the current tax year, 2019/20?
They can't be four years apart. Either five or six, depending on how the leap years fall.
It's paid four-weekly but you still need to work on the amounts due for each calendar year.
Like State Retirement pension. Your April payment usually includes some weeks at the old rate and some at the new rate.
You can't just add up the 13 (or maybe 14) payments you receive in the year.
That makes sense, the client gave 12 payments thinking they were monthly whereas they were 4 weekly.
As I say, it was the previous accountant, I use statutory figures.
So, actually, he only reported 48 weeks.