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April 23, 2023
Question

Why is the new tax year for 2023 to 2024 not showing up yet income tax section ?

  • April 23, 2023
  • 1 reply
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1 reply

April 23, 2023

Hi there, stelematics-outl.

 

Thank you for visiting the QuickBooks Community. I'll share details with new tax year details for 2023-2024, and then make sure you can handle your income taxes in QuickBooks smoothly.

 

The new tax changes could be the reason why the taxes for 2023-2024 are not yet showing up in the income tax section, and one of the updates is the Income Tax Rates and Bands. From over £150,000 (2022/2023), it is now over £125,140. You can open this article for reference for the details of the different changes: New Tax Year (2023/24) Guide.

 

Furthermore, you can also reach out to the HMRC Support Team if you have extra questions with regard to the latest updates.

 

Lastly, you may refer to this article to see steps on how you can send a VAT return using MTD and record the VAT payments to ensure that you can track your tax data accurately: Submit a VAT return to HMRC using MTD in QuickBooks Online.

 

Just let me know if there's anything else that I can help with your taxes in QBO. I'll always be around to help, stelematics-outl. Have a great day!