Pre Year-End Tax Planning

OBJECTIVES

This webinar will look at pre year end tax planning ideas in the light of current tax developments. It will cover personal tax planning encompassing both income and capital taxes and also planning for limited company owners and managers in relation to their company tax liabilities and obligations.

KEY TOPICS

Corporation and Business income Tax, dividend and salary planning

• Small company - corporation tax planning – quick recap
• Corporation tax planning points
• Dividend taxation
• Incorporation comparison – 2025/26
• Marginal rates on dividends
• Incorporation in 2026/27
• Rates of National Minimum wage and living wage
• NIC rates and limits
• NI relief – employment of armed services veterans – check if available
• Employment allowance
• Directors’ salary rates
• Director bonus declared after the year end
• Planning with director pension contributions
• Company car taxation
• Trivial benefits provided by an employer
• Pensions advice – tax free benefit
• Homeworking exemption

Personal Income Tax and savings

• Tax thresholds and rates
• Scottish Rates of Income Tax 2026/27
• Welsh income tax rates – Budget proposals
• Company cars – emissions rating
• Taper of pensions annual allowance
• ISA and JISA limits
• CGT annual exemption
• Rate applying to BADR disposals
• Disposal of residential property by individuals
• Non-resident and potential non resident individuals

Tax due on overdrawn loan accounts

• Tax arising under s 455 CTA 2010
• Change in rate of dividend tax
• Anti-avoidance s 464C CTA 2010
• Tax arising under s 175 ITEPA 2003
• Clearing the loan account with salary or dividend
• Clearing the loan with a dividend payment
• Clearing the loan with a salary award
• Writing off the loan account

WHO SHOULD ATTEND

Partners, managers and tax staff and general practitioners advising clients on their likely tax liabilities.