In May 2023, in Agent update 108, HMRC announced that the threshold for filing a self-assessment tax return would increase from £100,000 to £150,000, and this would be effective from the 2023/24 tax year.

In the Autumn statement it was announced that from the 2024/25 tax year, the income threshold of £150,000 would be removed altogether.

For the 2023 to 2024 tax year, the Self-Assessment threshold for customers taxed through PAYE only will change from £100,000 to £150,000.  

If you submitted a 2022/23 tax return showing income between £100,000 and £150,000 that is taxed through PAYE and you do not meet any of the other criteria for Self-Assessment, then you will receive a letter confirming that you do not need to complete a tax return.

However, for the 2023/24 tax year, if your income taxed through PAYE is below £150,000, but you meet one of the conditions below, you will still need to submit a tax return.

  • receive any untaxed income over £2,500
  • have a partner in a business partnership
  • have to pay the High-Income Child Benefit Charge
  • are self-employed individuals with gross income of over £1,000

From the tax year 2024 to 2025 onwards, the income threshold to complete a tax return for PAYE-only taxpayers will be removed. Customers will still be required to submit a return if they meet any of the other conditions listed above.

If you are unsure whether you need to submit a tax return, you can use the tool below on GOV.UK.

Check if you need to send a Self Assessment tax return - GOV.UK (www.gov.uk)

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