Preparing for a New Tax Year

The end of the 2018/19 tax year is now less than one month away. While there may still be time to act on certain measures to optimise the use of HMRC-approved tax breaks and reduce personal tax liabilities for 2018/19, this article looks ahead to the position for the new 2019/20 tax year. We have been aware of the intended 2019/20 tax allowances and rates since the 29th October 2018 budget. It is beneficial to be aware of potential opportunities at the start of the tax year, rather than trying to correct matters at the end. The ways in which these allowances and tax bands may affect people individually is best discussed with a trusted Independent Financial Adviser and, where appropriate, an accountant and/or solicitor.

Share this post

Subscribe to our newsletter

Subscribe now to receive regular updates on subjects such as budget statements and tax year rule changes.

Archives

Clairville York Limited is authorised and regulated by the Financial Conduct Authority. No 207474
Investors should be aware that capital is at risk.  Past investment performance is not a reliable guide to future performance.  The potential for profit is accompanied by the possibility of loss.  The value of investment funds and income from them may go down as well as up and investors may not get back the original amount invested.
The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients.  Full details of the FOS can be found on its website as www.financial-ombudsman.org.uk

Privacy and Cookies Policy

This website uses cookies to ensure you get the best experience on our website. View our cookie policy here

accept
Preparing for a New Tax Year

The end of the 2018/19 tax year is now less than one month away. While there may still be time to act on certain measures to optimise the use of HMRC-approved tax breaks and reduce personal tax liabilities for 2018/19, this article looks ahead to the position for the new 2019/20 tax year. We have been aware of the intended 2019/20 tax allowances and rates since the 29th October 2018 budget. It is beneficial to be aware of potential opportunities at the start of the tax year, rather than trying to correct matters at the end. The ways in which these allowances and tax bands may affect people individually is best discussed with a trusted Independent Financial Adviser and, where appropriate, an accountant and/or solicitor.