Self Assessment Tax Returns
31 January is the deadline for submitting your self assessment tax return for 2023/24. It’s important that you meet the HMRC deadline
HMRC Self-Assessment helpline update
HMRC are changing the way they support customers and agents through their Self-Assessment (SA) helpline. With this in mind, we would urge our clients to get in touch as soon as possible if they have personal tax issues to resolve.
Self assessment threshold increased
HMRC has announced a major shift in tax procedures, exempting high earners with PAYE income exceeding £150,000 from self-assessment tax returns starting in the 2024/25 tax year.
This change, following the recent threshold increase from £100,000 to £150,000 for 2023/24, is expected to benefit approximately 338,000 taxpayers.