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24/09/2026 |
Latest Tax Tips and News - March 2024
Welcome to the Capitax Financial Latest Tax Tips and News - March 2024, bringing you the latest news to keep you one step ahead of the taxman. We are committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year. Please contact us for advice on your own specific circumstances. We’re here to help!
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| Deferring your state pension will lose your income tax exemption |
| Earlier in the year, the then Chancellor, Rachel Reeves, promised that pensioners who rely solely on the state pension will not pay income tax, but this exemption will not apply to those who defer their state pension. Read More... |
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| HMRC reviewing over 100,000 tax calculations due to system error |
| HMRC is manually reviewing 107,000 tax calculations from the 2025-26 tax year after taxpayers complained that they had been overcharged. The underlying fault has existed for years - first acknowledged in 2021 - and still hasn't been fixed. Read More... |
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| New scheme for those with Loan Charge liabilities |
| HMRC is writing to households with outstanding Loan Charge debts, offering a new Settlement Scheme that can cut liabilities by up to £70k. The scheme aims to reduce most customers' bills, and around one?third may end up paying nothing at all. Read More... |
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| Family heirlooms could reduce your inheritance tax liability |
| Certain family heirlooms, artworks, manuscripts, collections, land, or historic estates can significantly reduce - or even eliminate - inheritance tax (IHT) if they qualify as items of national importance and are kept under specific HMRC schemes. Read More... |
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| October Questions and Answers |
| Q: I'm in a marriage where one of us is not earning and one still is. If we move money between our personal savings accounts, who is treated as earning the interest income to work out the tax?
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| October Key Dates |
| 1st: Corporation Tax payments are due for companies with a year-end of 31st December. Read More... |
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| About Us |
Capitax Financial is an independent and forward-thinking firm of Chartered Accountants, Tax Consultants and Business Advisors based in North West London (Stanmore, Harrow). We provide a full range of accounting, tax and business services to a wide range of UK and International clients, whether they are private individuals, entrepreneurs, investors, families, partnerships or corporate clients. Visit our website capitaxfinancial.com for more information.
Best wishes,
Samir Shah BFP FCA (samir@capitaxfinancial.com)
Director
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Capitax Financial Ltd
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
Capitax Financial is a trading name of Capitax Financial Ltd
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