Taxpayers could be losing up to £500 million a year by failing to claim the full pension tax relief to which they are entitled, according to research by a private bank.
It was announced in today's Budget that the income tax relief available through Enterprise Investment Schemes (EIS) has been increased from 20 per cent to 30 per cent from April 2011.
Lesley Stalker, head of tax at Robert James Partnership, outlines useful tax planning tips & advice to help business owners and entrepreneurs minimise their bills before 5 April 2011.
In 2010–11, public finances continue to be dominated by the aftermath of the global financial crisis and recession, with a pressing need to cut government borrowing.
