Remember to use your annual £20,000 ISA allowance by the 5th April 2019 or you will lose it for the year! All income generated from the ISA is tax free and the £20,000 may be split between cash or stock ISA’s or all in one. The new annual allowance will start on the 6th April. Use it or lose it !
Spring Budget 2024 – please read on for the main points of note.
If your 2023 tax is not paid by 1st March 2024 there is a 5% penalty based on the outstanding tax amount, if not paid by 1st August 2024 then another 5% penalty and if still unpaid by 1st Feb 2025 yet another 5%.
Remember to pay your balancing personal tax payment for 2023 plus your first account payment for 2024 by 31st January 2024. You can pay this by going to www.hmrc.gov.uk/pay-self-assessment-tax-bill