Latest Tax Tips and News - March 2024

+44 (0) 203 475 7727

capitaxfinancial.com
10/06/2026

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!
Making Tax Digital (MTD) for Income Tax - deadline reminders
From April 2026, MTD for Income Tax came into force for sole traders and landlords who had gross income over £50,000 in the previous tax year. Read More...
 
HMRC rejects almost half of Making Tax Digital exemptions
At the time of its request, a Freedom of Information request has shown that HMRC rejected 47% of applications for exemption from the MTD for Income Tax scheme. Read More...
 
Pensions to be included in IHT calculations from April 2027
From April 2027, unused defined contribution (DC) pensions will be counted as part of a person's estate for inheritance tax (IHT). Read More...
 
Drop in tax relief on VCTs may affect economic growth
The Chancellor reduced income tax relief on Venture Capital Trusts (VCTs) from 30% to 20%, effective 6 April 2026. Read More...
 
June Questions and Answers
Q: I retired last year but have since taken on a part-time job. My defined benefit pension uses up my Personal Allowance, so how much tax will I have to pay? Read More...
 
June Key Dates
1st: Corporation Tax payments are due for companies with a year-end of 31st August. Read More...
 
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
 
 

Copyright © 2026 Capitax Financial. All rights reserved.

Capitax Financial Ltd Devonshire House 582 Honeypot Lane Stanmore Middlesex HA7 1JS

Capitax Financial is a trading name of Capitax Financial Ltd