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 January 2025

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

In this month’s newsletter:

SCOTTISH AND WELSH BUDGETS
GET READY FOR MAKING TAX DIGITAL FOR INCOME TAX
CORPORATE TAX ROADMAP
PAYROLLING BENEFITS IN KIND
HMRC SCAM WARNING
DIARY OF MAIN TAX EVENTS – JANUARY/FEBRUARY 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 August 2024

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

In this month’s newsletter:

BEWARE THE 60% INCOME TAX TRAP
USE TAX-FREE CHILDCARE ACCOUNT TO PAY FOR SUMMER HOLIDAY CLUBS
PLANNING A STAFF SUMMER BARBEQUE?
BUDGET DATE ANNOUNCED
PROPOSED REPEAL OF THE SPECIAL TAX TREATMENT OF FURNISHED HOLIDAY LETTINGS
CHANGES TO VAT ON INDEPENDENT SCHOOL FEES
DIARY OF MAIN TAX EVENTS -AUGUST/SEPTEMBER 2024

Tax e-News July 2024

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

In this month’s newsletter:

GENERAL ELECTION 2024 – WHAT ARE MAIN PARTIES SAYING ABOUT TAX?
VAT ON PRIVATE SCHOOL FEES – ANY PLANNING?
‘TAX POINT’ FOR VAT
FORM P11D DEADLINE IS 6 JULY
WHAT IS A POOL CAR?
CHILDCARE ACCOUNTS CAN SUBSIDISE SUMMER CHILDCARE COSTS
VAT ON THE COSTS OF SELLING OF A SUBSIDIARY
DIARY OF MAIN TAX EVENTS -JULY/AUGUST 2024

Tax e-News June 2024

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
2023/24 EMPLOYMENT-RELATED SECURITIES RETURNS DUE BY 6 JULY
SHOULD EMPLOYEES REIMBURSE THEIR EMPLOYER FOR PRIVATE FUEL?
HMRC OFFICIAL RATE OF INTEREST REMAINS AT 2.25%
SHOULD DIRECTOR/SHAREHOLDERS TAX ADVANTAGE OF THIS LOWER RATE?
ADVISORY FUEL RATE FOR COMPANY CARS
DIARY OF MAIN TAX EVENTS -JUNE/JULY 2024

Tax e-News May 2024

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

In this month’s newsletter:

HMRC PUBLISH UPDATED GUIDANCE ON WORK TRAVEL
OFFICIAL RATE OF INTEREST FOR 2024/25 REMAINS AT 2.25%
INVESTING IN AN UNQUOTED TRADING COMPANY
DIARY OF MAIN TAX EVENTS – MAY/JUNE 2024