Self Assessment threshold for customers taxed through PAYE to increase

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

Customers who submitted a 2022 to 2023 tax return showing income between £100,000 and £150,000 taxed through PAYE, and who do not meet any other Self Assessment criteria, will have received a letter confirming they do not need to complete a tax return.

For the 2023 to 2024 tax year, customers will still need to submit a tax return if their PAYE-taxed income is below £150,000 but they meet other criteria, such as:

• Receiving untaxed income over £2,500

• Being a partner in a business partnership

• Needing to pay the High Income Child Benefit Charge

• Being self-employed with gross income over £1,000

Starting from the 2024 to 2025 tax year, the income threshold for PAYE-only taxpayers to complete a tax return will be removed. Customers will still need to submit a return if they meet any other listed criteria. Customers can check their requirement to submit a tax return using the tool: https://www.gov.uk/check-if-you-need-tax-return on Gov.uk.