{"id":7071173,"date":"2026-10-01T09:53:04","date_gmt":"2026-10-01T09:53:04","guid":{"rendered":"https:\/\/fivemor.com\/?p=7071173"},"modified":"2026-10-01T09:53:04","modified_gmt":"2026-10-01T09:53:04","slug":"self-assessment-threshold-change","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=7071173","title":{"rendered":"Self-assessment threshold change"},"content":{"rendered":"


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Previously, most people taxed through PAYE do not need to complete a self-assessment tax return unless they have earned more than \u00a3100,000. However, the self-assessment threshold has now changed. If you earn more than \u00a3150,000 taxed through PAYE, you must submit a self-assessment tax return.\u00a0 <\/strong><\/p>\n

What is the threshold change, and when does it come into effect?<\/strong><\/h2>\n

The self-assessment threshold has increased, and anyone earning \u00a3150,000 or more via PAYE must complete a tax return<\/strong><\/a>. The change comes into force for the 2023-24 tax year and will apply to subsequent years.<\/p>\n

What happens if I no longer earn more than the threshold?<\/strong><\/h2>\n

If you submitted a tax return for the 2022-23 tax year that shows you earned between \u00a3100,000 and \u00a3150,000 via PAYE and do not meet any of the other tax return criteria, HMRC will likely send you a self-assessment exit letter.<\/p>\n

If you do not receive a letter, or your circumstances have changed, and you believe you no longer need to send a tax return, you must tell HMRC. HMRC will review the information, and if they agree, they\u2019ll send a letter confirming you do not need to file a return. You can notify HMRC by:<\/p>\n

Please have your National Insurance and UTR numbers to hand as you may be asked to provide this information. \u00a0<\/strong><\/p>\n

What are the other criteria for self-assessment?<\/strong><\/h2>\n

You are required to submit a self-assessment tax return if, in the last tax year (6th<\/sup> April to 5th<\/sup> April), any of the following applied:<\/p>\n