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The end of 2020/21 is fast approaching - what should I be thinking about?

19.02.2021

Private Client

If your Income Tax is still owing for 2019/20 - you’ll not be charged the initial 5% late payment penalty if you settle your tax liability – or set up a payment plan with HMRC – by 1 April 2021

 

You should also

‚ÄčMinimise your tax liability

 

Spring Budget 2021 - What to expect

 

There are rumours that the Chancellor could delay increases in headline tax rates on 3 March 2021 to encourage consumer spending - although maybe we should be prepared for cuts in tax reliefs, exemptions and allowances which inadvertently increase the tax take in the future.

 

How can we help? 

Contact us on 01223 810100 - and one of our friendly tax advisers will help you navigate through the tax minefield.

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