Previously, an individual who only had PAYE employment income but earned more than £100,000 in the tax year would have been required to file a tax return for that year by HMRC.
That threshold has now been increased to £150,000 with effect from 6 April 2023, i.e. for the 2023-24 tax year and onwards.
This should mean that many GPs with relatively simple tax affairs – those earning less than £150,000 in a tax year, with no other reason to file a tax return – will be taken out of the self-assessment system.
