Stress-free high earner tax

If you earned more than £100k from your job in the 2022/23 tax year or HMRC has contacted you to let you know you need to file, then yes, you’ll need to file a tax return. From the 2023/24 tax year, the threshold rises to £150k. 

As you approach a 6-figure salary, you should learn how Income Tax affects you and what happens to your Personal Allowance (spoiler alert: you start losing it).

You lose £1 of your Personal Allowance every £2 over £100k you earn. Sadly, this means you’ll be paying 60% tax but don’t panic. You can avoid losing your earnings by being more tax-efficient.

HMRC have announced a change for PAYE high earners. If you earn less than £150k from your PAYE salary, you will not have to file a tax return in the 2023/24 tax year.  Remember, if you have other forms of income or capital gains, you may still need to file.

The one-off cost covers your Self Assessment being prepared and filed by an accredited accountant, VAT included. If anything extra comes up, we’ll let you know.

Most people don’t. If extra work is needed, we’ll always be upfront so nothing comes as a surprise.

Your return checked, prepared and filed with HMRC by an accredited accountant, VAT included, plus one amendment within 12 months if needed. You can ask any question you’d like on this return. Should you receive an HMRC letter or inquiry afterwards, we’ll be here to help.

We cover the vast majority of our clients within our service fee. However, as with any service, there are a few exceptions that require extra support – things like multi-year pension tapering, large volumes of bookkeeping, or complex capital gain calculations. If we realise you need more advanced help, we will explain why and give you the option of either proceeding with a higher fee or receiving a full refund.

You can find full details of what’s included in our tax return service here: What’s included in our tax return service?

This service is for filing your return. If you want tailored tax advice, you can book a one-off consultation with an accredited accountant.

Yes, it’s official! TaxScouts is now Taxfix.

Over a year ago, we joined forces with one common goal: to simplify taxes across Europe. Now, we’ve taken the next step by bringing our services together under one single brand – Taxfix.

Nothing’s changing for you. You’ll continue to enjoy the same fast, simple, and reliable tax service you already know and trust. The only difference is that you now get it with the added innovation, technology, and support of Taxfix – Europe’s leading digital tax platform.

In short: we’re the same team, with the same dedication, but now united under one stronger brand to give you even more support.