SCHEDULES

SCHEDULE 1High income child benefit charge

2Consequential amendments

In section 7 of TMA 1970 (notice of liability to income tax and capital gains tax), in subsection (3), for the words from “his total income” to the end substitute

—

a

the person’s total income consists of income from sources falling within subsections (4) to (7) below,

b

the person has no chargeable gains, and

c

the person is not liable to a high income child benefit charge.