Skip to main content

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

Posted Mon, 19 Jun 2023 14:20:26 GMT by
Can anyone please tell me whether I would need to request and fill in a self-assessment form? My P60 pay is greater than £50K, but less than the £50099 at which the gov.uk calculator says any tax is due (from the calculator: "There is no tax charge if your income is below £50,099"). I can't find anywhere that talks about this no tax, but >£50K region. I have no other sources of income. Thanks.
Posted Thu, 22 Jun 2023 14:32:15 GMT by HMRC Admin 32
Hi,

If you are below £50099 you do not need to complete the return. Please ensure you are taking into account any employment benefits as this could push you over the threshold.

Thank you.
Posted Thu, 22 Jun 2023 16:55:52 GMT by
@David Brett HICBC is based on your adjusted net income, not just your taxable earnings. So if you have taxable earnings of £50,095 and £5 of taxable interest (which would be taxed at 0%) and have no pension or Gift Aid contributions which can be deducted then your adjusted net income would be £50,100 and you would have a 1% HICBC to pay.

You must be signed in to post in this forum.