Year end tax planning

With one month to the end of the tax year there is still time to save tax for 2015/16.

With one month to the end of the tax year there is still time to save tax for 2015/16. We have set out some points you may want to consider.

  • Review dividend payment timing - with new dividend tax rates and a £5,000 dividend allowance from 6 April 2016, the timing of dividends could make a difference to the tax charge.
  • Consider company car options - going forward for each tax year the taxable percentage increases 2% for each CO2 emission band and the diesel 3% supplement which was expected to be abolished from April 2016 is now to be retained.
  • Review personal pension contributions to ensure annual allowances are being used effectively as from 6 April 2016 the annual allowance may be tapered for those with incomes over £150,000.
  • Defer capital gains by reinvesting in Enterprise Investment Scheme shares.

Please contact us to discuss your personal situation.

Get in touch

Why not drop us a line or fill in our very quick enquiry form

Address

AJM Accountancy & Taxation Ltd, 21 Goldings Close, Kings Hill, West Malling, Kent ME19 4BE

Phone

07977227959

Company number: 08857398
Registered in England

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