Reducing Tax In The Previous Tax Year

Just completing my 2016/17 tax return. Due to some sizeable sales
bonuses I got toward the end of the tax year I find I now owe HMRC a few K
for the 16/17 tax year…. I am employed. Are there any (obviously legit)
options open to me for Reducing the Tax In The Previous Tax Year by
something I could do this year? I heard EIS’s (not vct?) can do this…
though the fees / risks might not be worthwhile? I presume pension
contributions etc cannot be back dated?
Thanks for any thoughts
Reply to
actually pension payments can be back dated for tax purposes
or at least that used to be possible
you may find it more work that is worthwhile though
Reply to
thanks I think pension allowances can be carried forward ... but I don't think they can be backdated (or at least anymore if they used to be able to?) ?
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