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jpc4
April 13, 2023
Question

new tax year

  • April 13, 2023
  • 1 reply
  • 0 views

new tax year for 2023-2024 still not showing in taxes,

is there something i need to set up?

1 reply

Adrian_A
Adrian_A
April 14, 2023

Hi jpc4,

 

The key changes might be the reason why the taxes for 2023-2024 not showing.

 

One of the said changes is the Income Tax Rates and Bands. From over £150,000 (2022/2023), it is now over £125,140. You can check this reference for the details of the different changes: New Tax Year (2023/24) Guide.

 

Thus, ensure to meet the new threshold so the taxes for the year 2023-2024 will reflect.

 

If you have questions with regard to the updates, you may contact HMRC support.

 

I've added these articles that talk about reporting VAT to HMRC:

 

 

Just let me know if there's anything else that I can help with. I'll always be here!

J
jpc4Author
April 14, 2023

so will it automatically update and show?

A
AbegailS_
April 14, 2023

Thanks for getting back to us, @jpc4. 

 

I want to make sure that we provide you with the best resolution to your concern. 

 

Can you please verify if this is for a standard or advanced payroll? 

 

I'll keep an eye on your response. Have a good day. 

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