[JandS]

What if you are under £30,000 turnover.

[dd]

From 2028 it applies to everyone with 20k annual income and above.

[AuRavelling79]

Just had a letter from HMRC.

They are basing the figures on my 24/25 year for turnover and any rental income combined.

I scrape under the mandatory 50k. I thought they were basing it on 23/24 where I was just over the 50k but no.

However I am going to voluntarily join up to get ahead of the game.

[zesty]

Just had a letter from HMRC.

They are basing the figures on my 24/25 year for turnover and any rental income combined.

I scrape under the mandatory 50k. I thought they were basing it on 23/24 where I was just over the 50k but no.

However I am going to voluntarily join up to get ahead of the game.

So you’ve already filed your 24/25 tax year? Guessing that’s why you got a letter.

[dazmond]

Just had a letter from HMRC.

They are basing the figures on my 24/25 year for turnover and any rental income combined.

I scrape under the mandatory 50k. I thought they were basing it on 23/24 where I was just over the 50k but no.

However I am going to voluntarily join up to get ahead of the game.

So you’ve already filed your 24/25 tax year? Guessing that’s why you got a letter.

I never file until xmas/1st week of new year...

[zesty]

Just had a letter from HMRC.

They are basing the figures on my 24/25 year for turnover and any rental income combined.

I scrape under the mandatory 50k. I thought they were basing it on 23/24 where I was just over the 50k but no.

However I am going to voluntarily join up to get ahead of the game.

So you’ve already filed your 24/25 tax year? Guessing that’s why you got a letter.

I never file until xmas/1st week of new year...

Same