Welcome to our Year-End Tax guide for 2024/25.
The UK’s economic landscape continues to evolve, with businesses and individuals alike navigating high interest rates and the aftermath of recent fiscal policies. The Chancellor’s Autumn Budget in 2024 introduced significant changes, including a rise in employers’ National Insurance contributions and targeted incentives for small businesses. Meanwhile, inflation has begun to stabilise, but financial pressures remain for many households.
As we approach the end of the 2024/25 tax year, it’s essential to take stock of your financial situation and ensure your tax affairs are as efficient as possible before 6 April 2025. Have you fully utilised your tax-free allowances? Have you maximised available reliefs to reduce your tax burden?
Our Year-End Tax Guide for 2024/25 is designed to help you answer these questions. Inside, you’ll find a summary of key tax rates, allowances, and reliefs available for individuals and businesses, alongside actionable planning points to help you prepare before the tax year closes.
Each section comes with a set of planning points, which you can use as a checklist to ensure you consider all of the key areas. And, of course, you can contact us if you have any questions or want to discuss your tax planning further.
In our Year-End Tax Guide, we will cover:
- Personal allowances & reliefs
- ISAs
- Pension contributions
- Inheritance tax
- Property taxes
- Capital gains tax
- Business asset disposal relief
- Non-domiciled taxation
- Tax-efficient staff benefits
- Corporation tax
- VAT
- Penalties
Download our Year End Tax Guide 2024/25 here
Tax planning is more than just meeting deadlines—it’s about ensuring your finances are structured efficiently to minimise liabilities and optimise future opportunities. If you need personalised guidance, our team is here to help.
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Any questions?
If you’d like a meeting or a video call to discuss this, please get in touch with your favourite Liverpool accountant
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