Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Thu, 28 Mar 2024 11:13:55 GMT by Simon Smith
I have never completed a Self Assessment previously but have recently have registered for Self Assessment as I receive Child Benefit and usually earn over £50k so will need to pay a high income benefit charge. However, in this first year (Apr '23 - Mar '24) my income is below £50k. Do I still need to complete the Self Assessment, or can I just leave it until next year when my income should be over £50k?
Posted Wed, 03 Apr 2024 10:43:29 GMT by HMRC Admin 2

As your income was under £50k for 23/24 then no return is required.

For 24/25 the threshold increased to £80k before any charge would be due, so no return will be required if still below that new figure.

Thank you.

You must be signed in to post in this forum.