Focus on year end planning
Posted: Dec 18, 2020
The season of year-end tax planning is nearly upon us as 5 April creeps closer.
The Autumn Budget has been rescheduled for spring for a second successive year. Once again, that means it is best to complete year-end tax planning before the Chancellor returns to the despatch box. Such a precaution is all the more important in 2020/21 as several areas of tax have come under scrutiny following earlier Treasury-commissioned reviews. With that warning in mind, your year-end planning checklist should include the following.
Income planning