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November 2020

Tax Diary November/December 2020

Important dates in November and December for your Tax Diary. 

Make hay while higher rate relief is available

For many years Chancellors have threatened to reduce the Income Tax relief that can be claimed for payments into a private pension scheme.

How much of your estate will be taxed?

The present rate of Inheritance Tax (IHT) that is payable by your executors on your taxable estate is 40%.

Students warned to avoid tax scams

Readers with children at university should pass on this message as students starting university this year are being warned by HMRC that they could be targeted by a fresh wave of tax scams.

Cash back at all shops

Brits will be able to get cashback from shops without needing to buy anything under new proposals to protect the UK’s cash system announced 15 October 2020.

CO-OP COVID-19 Food Support Fund

The CO-OP have launched their own COVID-19 funding programme to support voluntary and community groups that run programmes relating to providing emergency food and programmes that can address food insecurity and its impacts. 

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