HMRC launch a campaign to ensure taxpayers understand when the income tax on Venture Capital Trust (VCT) investments is clawed back, and alter their timescales to reflect the challenging times we find ourselves in.
The Chancellor, Rishi Sunak, announced £1.25 billion of government support for innovative firms at the Downing Street Press Conference on 20 April 2020, delivered through the Future Fund and Innovate UK.
The Prime Minister promised a Budget within 100 days of the election result, so we can expect a Budget in February or March with any changes to taxes, benefits and allowances potentially taking effect in April.
As the tax deadline looms on 31 January for the tax year ending April 2019, here are our tax tips to keep your tax bill down.