Personal Tax – Year End Tax Planning Guide 2024/25

With the end of the 2024/25 tax year fast approaching, it is now the time to consider some opportunities for saving tax with some careful end of year tax planning. This guide will provide you with lots of tax saving tips, but not all of these will be relevant to your particular circumstances.

Tax e-News March 2025

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

MAKING TAX DIGITAL FOR INCOME TAX
TIMING OF DISPOSALS AND ELECTIONS FOR CAPITAL GAINS TAX
LOAN CHARGE REVIEW – HAVE YOUR SAY!
ARE YOU TRADING?
ATED
ADVISORY FUEL RATES FOR COMPANY CARS
DIARY OF MAIN TAX EVENTS – MARCH / APRIL 2025

Tax e-News February 2025

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

THERE’S STILL TIME FOR SOME YEAR END TAX PLANNING!
AVOID ANY DOUBLE CAB ‘HICCUPS’!
EMPLOYMENT EXPENSES
VAT ON FOOD AND DRINK
DIARY OF MAIN TAX EVENTS – FEBRUARY/MARCH 2025

Tax e-News October 2024

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

In this month’s newsletter:

POSSIBLE CAPITAL GAINS TAX CHANGES IN THE OCTOBER BUDGET – SHOULD YOU BRING FORWARD ASSET DISPOSALS BEFORE BUDGET DAY?
BEWARE “BED AND BREAKFAST” ANTI-AVOIDANCE
RUMOURS OF PENSION CHANGES IN THE OCTOBER BUDGET
MANY OVER 55’S CAN WITHDRAW 25% OF THEIR PENSION FUND TAX-FREE
CHECK YOUR STATE PENSION ENTITLEMENT
“NUDGE” LETTERS BEING SENT BY HMRC TO TAXPAYERS
BEWARE “SCAM” LETTERS CLAIMING TO BE FROM HMRC
DIARY OF MAIN TAX EVENTS -OCTOBER/NOVEMBER 2024

Tax e-News February 2024

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

In this month’s newsletter:

YEAR END TAX PLANNING
USE A LIFETIME ISA (LISA) TO SAVE FOR YOUR FIRST HOME
PENSION PLANNING
CAPITAL GAINS TAX PLANNING
CAPITAL EXPENDITURE PLANNING
GET READY FOR MORE R&D CHANGES
ADVISORY FUEL RATE FOR COMPANY CARS
DON’T BE LATE IN PAYING YOUR PERSONAL TAX BILL
DIARY OF MAIN TAX EVENTS – FEBRUARY/MARCH 2024

Tax e-News January 2023

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

In this month’s newsletter:

NEW YEAR RESOLUTIONS TO SAVE TAX
PENSION PLANNING
TIME TO REVIEW YOUR WILL?
PASSING ON THE FAMILY HOME
£12,300 CGT ANNUAL ALLOWANCE – USE IT OR LOSE IT
130% SUPER-DEDUCTION ENDS 31 MARCH 2023
£1 MILLION ANNUAL INVESTMENT ALLOWANCE NOW PERMANENT
NEW VAT PENALTIES FOR LATE RETURNS
ADVISORY FUEL RATE FOR COMPANY CARS
SCOTTISH INCOME TAX RATES FOR 2023/24
DIARY OF MAIN TAX EVENTS – JANUARY 2023/February 2023

Tax e-News December 2022

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

In this month’s newsletter:

TAX INCREASES AND PUBLIC SPENDING CUTS
FREEZING INCOME TAX BANDS
MORE TO PAY 45% INCOME TAX
ALL QUIET ON PENSIONS
NIC BANDS FROZEN
DIVIDEND INCOME – REDUCED 0% BAND
CGT ANNUAL EXEMPTION CUT
VAT REGISTRATION LIMITS UNCHANGED
CARS, VANS AND TAXATION!
R&D ‘REBALANCING’
A MINI U-TURN ON SDLT
AND REMEMBER…
DIARY OF MAIN TAX EVENTS
DECEMBER 2022 / JANUARY 2023

Tax e-News September 2022

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

In this month’s newsletter:

BACK TO SCHOOL – CHILDCARE VOUCHERS OR TAX-FREE CHILDCARE ACCOUNT?
INTERACTION WITH CHILDCARE VOUCHER SCHEMES
SELF-EMPLOYED NEED TO PLAN FOR BIG TAX BILLS IN 2023/24
ADVISORY FUEL RATE FOR COMPANY CARS
PROPOSED CHANGES TO CGT ON SEPARATION
DIARY OF MAIN TAX EVENTS – SEPTEMBER / OCTOBER 2022

Tax e-News June 2022

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

In this month’s newsletter:

REPORT EMPLOYEE BENEFITS ON FORM P11D BY 6 JULY
IS YOUR BUSINESS ENTITLED TO THE EMPLOYMENT ALLOWANCE?
BUYING AN ELECTRIC CAR? DOES IT NEED TO BE NEW?
SALARY SACRIFICES – GET THE TIMING RIGHT
CAPITAL GAINS TAX ON SEPARATION AND DIVORCE
ADVISORY FUEL RATE FOR COMPANY CARS
DIARY OF MAIN TAX EVENTS JUNE/JULY 2022

Personal Tax – Year End Tax Planning 2021/22

With the end of the 2021/22 tax year fast approaching, it is now the time to consider some opportunities for saving tax with some careful end of year tax planning.  This guide will provide you with tax saving tips, but not all of these will be relevant to your particular circumstances.  As always we are here to discuss anything that may be of interest to you.