The new tax year on April 6 will mean many allowances change
In Tax Hacks, our columnist Mike Warburton – previously a tax director with accountants Grant Thornton – brings you his best tax-saving tips. Tax Hacks is published twice a month on Tuesday mornings
With just under a weeks to go before the tax year ends on April 5, now is the time to finalise your planning. There are many ways to cut your tax bill and changes today can protect yourself from future expenditure.
Here are some of the key issues for consideration:
1) We all need to save for our old age because the state pension is unlikely to be sufficient on its own. If you have a Self-Invested Pension Plan (Sipp) consider topping up before the year end, particularly if you are a higher-rate taxpayer.
Problems are mounting for people purchasing from overseas
Credit: Jacobs Stock Photography
In Tax Hacks, our columnist Mike Warburton – previously a tax director with accountants Grant Thornton – brings you his best tax-saving tips. Tax Hacks is published twice a month on Tuesday mornings
Whether you voted leave or remain you will surely have been relieved when the Prime Minister announced a Brexit trade deal had been agreed, if only to end the uncertainty.
You may even have thought that life could then proceed as normal. However, Covid-19 aside, it has not turned out to be a simple as that.
At the beginning of January we left the EU customs union, single market and common VAT area. We then entered into a trade and cooperation agreement on a provisional basis.