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. 

Tax e-News December 2021

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

In this month’s newsletter:

CHRISTMAS IS THE TIME FOR GIVING
REGULAR GIFTS OUT OF YOUR INCOME IS TAX EFFICIENT
TRUST PLANNING OPPORTUNITY STILL AVAILABLE
GIFTS TO CHARITY
LET’S HAVE A REAL CHRISTMAS PARTY THIS YEAR!
CHRISTMAS GIFTS OF UP TO £50 PER EMPLOYEE IS ALSO TAX FREE
REPORT CJRS FURLOUGH GRANTS ON CORPORATION TAX RETURNS
ADVISORY FUEL RATE FOR COMPANY CARS
DIARY OF MAIN TAX EVENTS – DECEMBER 2021/JANUARY 2022

Tax e-News November 2021

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

In this month’s newsletter:

BUDGET AND SPENDING REVIEW
NATIONAL LIVING WAGE INCREASED TO £9.50 AN HOUR
NO CHANGES TO INCOME TAX RATES AND PERSONAL ALLOWANCE FROZEN
SOME NATIONAL INSURANCE THRESHOLDS ARE CHANGING
“TEMPORARY” £1 MILLION ANNUAL INVESTMENT ALLOWANCE EXTENDED
BUSINESS RATES TO BE MADE “FAIRER” AND 50% DISCOUNT FOR THE RETAIL AND HOSPITALITY SECTOR
CHANGES TO R&D TAX RELIEF
GROUP RELIEF FOR EUROPEAN COMPANY LOSSES TO END
CULTURAL TAX RELIEFS DOUBLED
NEW RESIDENTIAL DEVELOPER TAX
MORE TIME TO REPORT AND PAY CGT ON RESIDENTIAL PROPERTY DISPOSAL
PENSION TAX RELIEF UNCHANGED
INDIVIDUAL SAVINGS ACCOUNT LIMITS FROZEN AGAIN
DIARY OF MAIN TAX EVENTS – NOVEMBER/DECEMBER 2021

Tax e-News June/July 2021

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

In this month’s newsletter:

BEWARE MINI-UMBRELLA COMPANY FRAUD
CAR BENEFIT REDUCED WHERE UNAVAILABLE
REIMBURSE PRIVATE FUEL BY 6 JULY TO AVOID FUEL BENEFIT
ADVISORY FUEL RATE FOR COMPANY CARS
NOT ALL BENEFITS NEED TO BE REPORTED ON FORM P11D
CHECK THAT YOUR SHARES QUALIFY FOR CGT BUSINESS ASSET DISPOSAL RELIEF
DIARY OF MAIN TAX EVENTS -JUNE/JULY 2021
BEWARE MINI-UMBRELLA COMPANY FRAUD
CAR BENEFIT REDUCED WHERE UNAVAILABLE
REIMBURSE PRIVATE FUEL BY 6 JULY TO AVOID FUEL BENEFIT
ADVISORY FUEL RATE FOR COMPANY CARS
NOT ALL BENEFITS NEED TO BE REPORTED ON FORM P11D
CHECK THAT YOUR SHARES QUALIFY FOR CGT BUSINESS ASSET DISPOSAL RELIEF
FURLOUGH GRANT REDUCES TO 70% FOR JULY
CORRECTING ERRORS IN EARLIER FURLOUGH CLAIMS
FIFTH SELF-EMPLOYED INCOME SUPPORT GRANT TO BE PAID IN JULY
PLEASE LET US HAVE DETAILS OF YOUR SEISS GRANTS FOR YOUR 2020/21 TAX RETURN
TAX FREE CHILDCARE ACCOUNT SUBSIDISES SUMMER CAMP COSTS
PENSION CONTRIBUTION IS TAX EFFICIENT FOR BOTH EMPLOYEE AND EMPLOYER
HMRC WARNING NOT TO USE UNFUNDED PENSION ARRANGEMENTS DIARY OF MAIN TAX EVENTS JULY/ AUGUST 2021

Tax e-News March 2020

In our newsletter for March 2020:

Yet Another Chancellor – Big Changes In The Budget?
Inheritance Tax In The Spotlight
Further Changes To Entrepreneurs’ Relief
Year End CGT Planning
Pension Planning Before The End Of The Tax Year
Will Pension Tax Relief Change In The Budget
Have You Used Your 2019/20 ISA Allowance
Don’t Lose Your Personal Allowance
Consider Other Tax Efficient Investments
Buy New Equipment Before 6 April?
Diary Of Main Tax Events March/April 2020

Personal Tax – Year End Tax Planning 2019/20

The end of the 2019/20 tax year is just a few weeks away, so now is the time to consider some opportunities for saving tax. Please take a few moments to consider the following tips that may help you to SAVE TAX in this current year and in future tax years.