Vale & West Chartered Accountants Blog

Category Archives:Richard Ziemba

Half of all income tax in the UK paid by top five per cent

Government figures have revealed that five per cent of people pay more than half of the UK’s tax, and experts warn that this uneven burden puts the economy at risk. Read More

Call for IHT shake up

A recent review of inheritance tax (IHT) by the Office of Tax Simplification (OTS) suggests that the Government should make it simpler to pass wealth down through the generations. Read More

Boris pledge to cut 40 per cent tax

With Boris Johnson at the top of the board for claiming the position of the new leader of the Conservative party, high earners could be in line for a bonus, as the politician has pledged to cut income tax bills for people earning more than £50,000 by raising the 40 per cent tax rate threshold to £80,000. Read More

Richest families dominate use of IHT

According to new figures, some of the UK’s wealthiest families are benefitting from up to £666 million a year in Inheritance Tax (IHT) reliefs on agricultural land and business property. Read More

How ‘Connect’ targets tax evaders

HM Revenue & Customs’ (HMRC) new £100 billion supercomputer, known as ‘Connect’, is being used to target tax evaders, who are costing the economy more than £5 billion every year. Read More

Taxpayers don’t check their HMRC personal account

Recent research has found that almost half of UK workers have never checked their personal tax account on HM Revenue & Customs’ (HMRC) portal despite almost a third saying they want to understand their tax affairs better. Read More

Tax rebate email scam

HM Revenue & Customs (HMRC) is warning taxpayers about a new spate of scam emails that are claiming to come from the Revenue but are actually a ploy to get hold of personal financial details. Read More

Maximising tax returns

As the end of March approaches, the main thing occupying the minds of taxpayers, apart from Brexit, is how they can maximise their tax-free allowances before the end of the tax year. Read More

Private landlords contribute more in tax than Tesco or Amazon

Recent research, carried out by the National Landlords Association (NLA), has found that the estimated total Income Tax contribution by the UK’s private landlords exceeds £3.8 billion a year, which is more than double Tesco’s entire annual tax bill and 62 times that of Amazon. Read More

Savings from tax

Recent official figures show that the use of Individual Savings Accounts (ISAs) and pensions slashed the personal tax bill by £27.2 billion in 2017/18, and this figure could rise to £28.75 billion this tax year. Read More

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