Self assessment threshold bumped to £150,000

Did you know that taxpayers whose only income is taxed under PAYE, and who earn between £100,000 and £150,000, will be removed from self-assessment from tax year 2023/24 onwards, which could result in those affected paying more tax? HMRC reported in May’s Agent Update that the self-assessment threshold for taxpayers taxed through PAYE will be rising …

Self assessment threshold bumped to £150,000 Read More »