Cheryl Whitton

Supervisor

“Any individuals, including those who are self-employed, who are new to Self Assessment for the 2022 to 2023 tax year must register with HMRC by 5 October 2023 to avoid any fines.

You can register on GOV.UK and will then receive a Unique Taxpayer Reference, which you will need when completing your return.”

Robert Young

Partner

“Many personal tax payers have significant income, but have very little scope for reducing their personal tax burden.

With a careful use of pensions, Enterprise Investment Scheme (EIS) or other similar tax efficient investments, you could significantly reduce your tax bill whilst making savings.”

Lia Hay

Supervisor

“Borrowing from your company can be an expensive business if you consider s455 tax on top of the Benefit in Kind that an overdrawn directors’ loan might create.

Have you considered ways of reducing that loan and therefore the tax impact?”