Section 681C | The amount of the charge ^F1

From legislation.gov.uk

(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—^F1

(a)any amounts in relation to which condition A is met, and^F1

(b)any amounts in relation to which condition B is met.^F1

For conditions A and B, see section 681B.

(2)“The appropriate percentage” is—^F1

(a)100%, or^F1

(b)if less, the percentage determined by the formula—^F1F2F3

Formula

\frac{ANI - L}{X} %

Where—

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

L is £60,000;

X is £200.

(3)If—^F1

(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^F1

(b)the percentage determined under subsection (2)(b) is not a whole number,^F1

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