There are some people who may have been ignoring tax for some time, not too concerned as perhaps friends and the ‘pub experts’ may have misinformed them.
However in 2012 we are seeing four areas developing that will combine for some people to create the ‘Perfect Storm’:
Yesterday the Chancellor, Rachel Reeves, held The Budget. Unfortunately there were tax increases of £40bn announced. This was the greatest increase in taxes since 1993.
Although the very final deadline to complete a 2023/24 personal tax return is 31st January 2025, leaving it until the last minute has many disadvantages.
