Half a million new people will be required to complete a Self Assessment tax return for the year ending this April after the new high income child benefit charge (HICBC) kicks in.
Families with children and a parent earning more than £50,000 a year have a final chance this weekend to opt out of receiving child benefit or can continue to receive it and get drawn into the SA system.
The new charge applies from 7 January, and anyone wishing to opt out of receiving child benefit for the 2012-13 tax year must do so before that date.
About Robert Lovell
Business and finance journalist