I had received an email about the new price effective in July. I am paying HK$130 as monthly subscription. The email stated new price is Sterling Pound 138. Not sure if this is an annual subscription or monthly.

I understand that every penny counts when running a business, @RYPLAU.

I've share some details about price increase in QuickBooks Online. 

I agree with Fiat Lux - ASIA that the QuickBooks Online Hongkong is still offering prices in HKD. The Simple Start version's regular price is HK$138 per month as of the moment. Check out this link for more information: Price and Pricing.

I'd also suggest checking your QuickBooks Billing and Subscription to verify your membership. Let me show you how: 

1. Go to the Gear icon on the upper right side. 
2. Select the Account and Settings tab. 
3. Choose the Billing and subscription button.
4. Review your exact billing rate and cycle.

For the detailed guide, check out this article: View your QuickBooks Online payment history.

In addition, see the following articles about handling your payment method, Intuit charges, billing schedules, and other related matters. 

•  Update billing, payment, and subscription info in QuickBooks Online
• QuickBooks Account Management 

I love answering questions, so please feel free to post it here again if you need help. Keep safe.