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Posted on: 10 Jan, 22

As another tax year-end approaches, it’s important to #nalise your 2021/22 tax planning to reduce your obligations wherever possible. $e current tax year started on 6 April 2021 and ends on 5 April 2022. Reviewing your tax affairs now will enable you to make the most of any allowable deductions and strategies available to minimise or mitigate a potential tax burden.

After another unprecedented year of the continued COVID-19 pandemic and an uncertain economy, it’s important to keep up with any tax changes that could affect your tax position in the future. Taking action now before 5 April could potentially save you thousands of pounds. The UK tax system is notoriously complex, but the benefits of structuring our finances tax efficiently can be significant. We’ve provided a summary and some key tax and financial planning areas that may be appropriate to certain taxpayers and should be considered prior to the end of the tax year on Tuesday 5 April 2022.

Identifying any tax planning opportunities

Personal circumstances differ, so if you have any questions or if there is a particular area you are concerned about, please do not hesitate to contact us. If you have not done so already, take the time to carry out a review of your tax and financial affairs to identify any tax planning opportunities and take action before it’s too late...

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