Our website uses cookies to store information on your computer. You may delete and block all cookies from this site, but parts of the site will not work as a result. Find out more about how we use cookies.
(Accept cookies and do not show this message again)
Shout99 - News matters for freelancers
Search Shout99 - News matters for freelancers
(Advanced Search)
   Join Shout99  About Shout99   Sitemap   Contact Shout99 13th Jul 2024
Forgot your password?
Shout99 - Freelancers, FO35, Section 660
New Users Click Here
Shout99 - Freelancers, FO35, Section 660
Shout99 - Freelancers, FO35, Section 660
Front Page
News...
  Business
  IR35
  Political
  Income shifting/S660
  Viewpoint
  IR591
  Agents
  Newsletters
  Shout99 calls
  Links
Freelancers' Shop...
Ask an Expert...
Letters
Direct Contracts
Press Links
Question Time
The Clubhouse
Conference Hall...
News from Partners
Accountants

Login
Sitemap

Business Links

Shout99 - Freelancers, FO35, Section 660

Freelancers' Shop

Personal Financial Services
from ContractorFinancials

Mortgages

Pensions

ISAs

Income protection

... and more special offers for Shout99 readers in the Freelancers' Shop

Shout99 - Freelancers, FO35, Section 660
  
Shout99 - Freelancers, FO35, Section 660

News for the
Construction Industry

Hardhatter.com - News for small businesses in the construction industry

Powered by
Powered by Novacaster
Advertisement
Cogent

Tax allowance - use it or lose it.
by Susie Hughes at 12:47 01/02/24 (News on Business)
Small businesses and other tax payers are being advised to use up available tax allowances before the new financial year in April or risk losing out.
Advertisement

Significant changes are on the way for the 2024/25 tax year, including the Capital Gains Tax allowance halving to £3,000 and the Dividend Tax allowance also halving to £500.

Higher interest rates could also have an impact upon those with savings - with some people having to pay tax on their interest for the first time.

While there are one or two exceptions to the rule, most allowances are lost if not taken within each financial year.

Clock ticking
Carlisle-based, financial expert, Rachael Bell, is urging people to make sure they donít miss out on available efficiencies before April 5.

She said: ďSome big changes are also coming into place from April that people should be aware of.

"The clock is now ticking for those who havenít yet made the most of the efficiencies available to them within this financial year. These efficiencies are there for a reason and failing to use them could be costly in the long run.

ďThe issue of Dividend Tax Allowance will affect business owners, company directors and shareholders while those with savings might find themselves having to pay tax on their interest when this hasnít been applicable previously."

--
If you wish to comment on this article, please log in and use the Reply button below. Registering is free and easy - see 'Join Shout99'.
-
Susie Hughes © Shout99 2024

Printer Version

Mail this to a friend

Copyright 1999-2018, Shout99.com | All Rights Reserved
Privacy Notice and Terms of Use
 

Advertisements
advert
advert
advert
advert