As you are probably aware the 2023-24 tax year ends on 5 April 2024. After this date, most of the opportunities to arrange your tax affairs in the most advantageous way end and action to reduce your tax payments must be taken before this date.
Accordingly, we have less than two months to get organised. We have listed below a few of the trigger points that you need to keep your eye on to maximise the use of legitimate tax allowances and reliefs and keep your tax footprint for 2023-24 to a minimum.
These three pointers will give you some idea of the issues you may need to consider in order to review your income tax for 2023-24, but there are also a raft of issues that it may benefit you to look at to minimise capital gains tax, inheritance tax, corporation tax, VAT and National Insurance. Don’t delay. If your tax affairs warrant a review, please pick up the phone so we can help you consider your options before the tax planning curtain closes, for most of us, on 5 April 2024. |