Cashing in on some key financial advice

A tax expert provides useful dates for your diary if you want finances to be organised

- ELLA WALKER

While the end of both the year and the tax year do not align, the start of a new 365-day cycle is still a good time to get your head around your finances, and prepare for what 2026 will bring.

In recent years, "the tax regime has become far more complex," says Praveen Gupta, UK head of tax at Azets.

Knowing key dates to keep track of means you've got a better chance of planning for when you might have to pay your tax liabilities too, which can be the case when your tax position changes without you expecting it. For instance, as a result of fiscal drag, tax thresholds could be frozen and your salary may fall into a higher tax band.

Praveen says another thing that catches people out is, "if you sell a property in the UK, you need to make a return and pay sale tax within 60 days".