Year End Tax Review 2020-2021
Brace for More Change
This is the overriding message in this tax year’s review guide, which you can download below.
In it, we include some suggestions on areas you may wish to look at in more detail, but we expect further economic and tax changes in the Spring Budget Statement on 3 March 2021.
You can download your copy of the Year End Tax Review 2020-2021 here.
We recommend you undertake an annual review of your financial affairs to check that you are not paying more tax than you need to and whether the structures you set up in the past are still appropriate. Between now and the end of the tax year (5 April 2021) is a good time to assess whether you have claimed all the relevant allowances and are as well defended against high tax charges as you can be.
Of course, the personal circumstances of each individual must be taken into account in deciding whether any particular plan is suitable or advantageous – but these suggestions may give you some ideas. We are happy to discuss them with you in more detail, so please just get in touch with us.