Section 681C — Income Tax (Earnings and Pensions) Act 2003: The amount of the charge

The amount of the charge 681C 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—

a any amounts in relation to which condition A is met, and b any amounts in relation to which condition B is met. For conditions A and B, see section 681B. 2 “The appropriate percentage” is—

a 100%, or b if less, the percentage determined by the formula— ANI – L X % Where— ANI is P's adjusted net income for the tax year; L is £60,000 ; X is £200 .

3 If—

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 b the percentage determined under subsection (2)(b) is not a whole number, it is to be rounded down to the nearest whole number.