As the tax year draws to a close, it’s a good moment to review your finances and make sure you’re making full use of available reliefs and allowances.
With thresholds frozen again and the full‑year impact of last year’s employer National Insurance rise now feeding through into business costs, early planning can help you stay tax‑efficient and avoid unwelcome surprises.
Employers are still adjusting to the 15% NIC rate and the lower £5,000 secondary threshold introduced in 2025 – measures that apply across a full financial cycle for the first time.
At the same time, changes to Capital Gains Tax and Business Asset Disposal Relief mean that business owners and investors face higher potential tax liabilities on disposals. BADR now applies at 14% on qualifying gains, up from the long‑standing 10% rate, making it more important than ever to plan ahead.
Taking a little time now to assess your position – and seeking advice where appropriate – can help ensure you enter the new tax year well‑organised and prepared.
The team at J F Hornby & Co has put together a handy guide, which you can read or download here
