I recently registered to pay the High Income Child Benefit Charge (HICBC) via PAYE. Could someone explain how this shows up on your tax account? Is it labelled HICBC, or does HMRC simply reduce your personal allowance?
I’ve received a notice saying I owe tax and that my personal allowance has halved, despite having paid the correct amount of tax for the year but no where does it say HICBC