Plans to increase the self assessment reporting threshold for trading income and other measures to deliver Plan for Change

Published on: 12 March 2025

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Specialist Tax Regulatory Materials

Article summary

The Government has announced that it plans to increase the income tax self assessment (ITSA) reporting threshold for trading income from £1,000 to £3,000 gross within this Parliament. Other measures to help HMRC deliver Plan for Change are also announced.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

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