Although government advice is geared towards business, we are of course aware that this unprecedented time is equally disruptive for our private clients.
We will strive to give clients the same standard of service excellence as usual, albeit utilising remote access technology and internet telephony (VoIP) such as Facetime, Skype, Zoom etc to communicate with our clients throughout this period. Please follow our Facebook page for more frequent updates or email your account manager directly.
You may already be thinking about the tax payment due on 31 July 2020? If you foresee issues in making this payment it is not too early to plan ahead.
- Let us have your books and papers for 2019/2020 as soon as possible so that we can try to ascertain your exact tax position for the year and adjust the July payment as appropriate. If you are self-isolating contact us so that we can arrange a safe way for your papers to be sent to us
- You can contact the HMRC Coronavirus Helpline on 0800 015 9559 to request time to pay
- Contact your bank regarding Loan or overdraft holidays
The difficult times we are experiencing may also be prompting you to think of wider issues:
- Do you have an up-to-date will or Lasting Power of Attorney in place?
- Do you require any inheritance tax or financial planning?
If these matters are causing you concern, we will be pleased to help as appropriate, for we have in-house experts in all of these areas.
Lastly, although the Chancellor announced changes to the Tapered Annual Allowance for Pensions in the Budget on 11 March (see our blog at https://www.robson-laidler.co.uk/budget-2020-personal-finance-summary/), these changes apply from 6 April 2020 only; if you are concerned about any tax charge for the 2019/2020 tax year, again, it is never too early to plan ahead, so please contact us.
Stay safe.