Category Archives: Uncategorised

Time to top-up your pension pot

We are fast approaching the end of another tax year, 5 April 2022. To benefit from tax relief for 2021-22 you will need to make any top-up payment on or before this date. To help you reach a decision, we have summarised the present tax rules that set out how much you can pay into…
Read more

Tax return filing and payments update

HMRC is waiving late filing and late payment penalties for Self-Assessment taxpayers for one month – giving them extra time, if they need it, to complete their 2020-21 tax return and pay any tax due. HMRC is encouraging taxpayers to file and pay on time if they can, as the department reveals that, of the…
Read more

Self-isolation for those with COVID-19

Since Monday 17 January, people with COVID-19 in England can end their self-isolation after 5 full days, as long as they test negative on day 5 and day 6. The decision has been made after careful consideration of modelling from the UK Health Security Agency and to support essential public services and workforces over the…
Read more

Still time to consider tax planning options for 2021-22

With rare exceptions, once the end of the tax year has passed, tax planning options to reduce liability are no longer possible. For Income Tax and Capital Gains Tax purposes, this means that the majority of the tax reduction options will cease unless actioned before 6 April 2022, the start of the next tax year.…
Read more