Magee Gammon News Self-Assessment threshold change 

Self-Assessment threshold change 

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

Affected individuals do not need to do anything now as the Self-Assessment threshold for 2022 to 2023 tax returns remains at £100,000.  They will receive a Self-Assessment exit letter if they submit a 2022 to 2023 return showing income between £100,000 and £150,000 taxed through PAYE and they do not meet any of the other criteria for submitting a Self-Assessment return. 

For the 2023 to 2024 tax year onward taxpayers will still need to submit a tax return if their income taxed through PAYE is below £150,000 but they meet one of the other criteria for submitting a Self-Assessment return, such as: 

  • receipt of any untaxed income, 
  • partner in a business partnership, 
  • liability to the High Income Child Benefit Charge, or 
  • self-employed individual and with gross income of over £1,000. 

See: Issue 108 of Agent Update – GOV.UK ( 

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