Tag Archives: PAYE

Important changes to self assessment criteria

Self assessment

From the 2023/24 tax year onwards, the self assessment (SA) threshold for taxpayers taxed through PAYE only, will rise to £150,000. However, the threshold for the 2022/23 tax year, remains unchanged at £100,000. This means that if a taxpayer is taxed through PAYE only, and their income exceeds £100,000, they will still need to submit…

Short-term business visitors

HMRC are consulting on ways to simplify the tax treatment of short-term business visitors from the foreign branch of a UK company, to ensure the UK is an attractive location for business headquarters. The consultation considers potential changes to the PAYE arrangements under which UK employers need not operate PAYE for employees of their overseas…