Completing Tax Returns for Individuals- Practical Issues and New Developments

As tax return completion starts to gain momentum, this timely session reviews a range of practical issues and new developments connected with the completion of the annual tax return for individuals.

As such it is suitable for staff members who deal with these issues on an annual basis and in particular who would value a reminder of what’s new for the 2019/20 tax return as well as some of the key problem areas to watch before submitting their client’s returns.

In particular, in this unprecedented year, whilst the impact of COVID 19 will mainly be on 2020/21 returns, Pat will deal with specific areas which may cause revisions to 2019/20 returns.   

It is also suitable for those who perhaps have a basic understanding of income and capital gains tax but who have not been practically involved in tax return submission recently and need an up to date concise and practical refresher.

The session is not generally aimed at those new to the profession.

Specifically the following matters will be considered:

• Tricky allowances
• Life assurance gains
• Pension matters
• Using trading losses
• Cap on tax reliefs
• High Income Child Benefit Charge
• EIS, SEIS reliefs
• Charitable donations
• Property income
• National Insurance
• Changes to Entrepreneurs' Relief
• Investors Relief