The negative effect the coronavirus lockdown has had on your income should reduce your tax liability for the 2021 tax year, but it may also reduce your deductions against your taxable income.

If you want to ensure there are no nasty surprises in your assessment next year, it may be wise to check on your likely liability and set aside what may be due...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now