Time flies!

With the seasonal festivities soon to begin it seems a strange time to start thinking about the end of the tax year. Nevertheless, 5 April 2001 will be upon us before we know it and planning measures for the end of the tax year should not be left until the last minute. As always, there is much for an adviser to consider. This article investigates some relevant areas. Income tax Individuals enjoy a personal income tax allowance of £4,385 this tax year. If not fully used by 5 April 2001 all or part of this allowance is lost. Individuals should ensure, if possible, that they utilise the wh...