Personal tax

5 personal tax changes for 2020/21

What you need to know as the new tax year gets under way on 6 April.

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Govt. to pay up to 80% of workers’ wages

Other concessions announced for businesses.

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COVID-19 postpones off-payroll extension to the private sector

Rollout deferred until 6 April 2021.

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National living wage

Tapered annual pension allowance rises to £200,000

A break for most high earners, but does it go far enough?

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HMRC stops sending out paper tax returns

Paper returns need to be downloaded or requested.

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Capital gains tax receipts tipped to soar

Treasury expects to net £15.7bn in 2023/24.

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Tapered allowance threshold set to rise

High earners poised for pensions boost.

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MPs propose inheritance tax reform

Report calls for “unpopular” tax to be cut to 10% in Spring Budget 2020.

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Almost a million miss tax returns deadline

Treasury stands to net £96m from instant fines.

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