Vale & West Chartered Accountants Blog

Category Archives:Richard Ziemba

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

Self-assessment receipts and CGT rake it in for the Treasury

Recent official figures from the Office for National Statistics (ONS) show that the UK’s public debt surplus was at its highest ever level in January, and this was driven by a £1.9 billion increase in self-assessment receipts and a £1.2 billion rise in Capital Gains Tax (CGT). Read More

HMRC given new tax powers

As of the start of the new tax year this April, HM Revenue & Customs (HMRC) will have 12 years to investigate taxpayers they believe have made errors over their foreign income, tripling the current time limit. Read More

Budget could raise Personal Allowance

Emergency measures that were planned as far back as June 2016 could be implemented in the upcoming Budget to protect the UK economy from a potential no-deal Brexit, and one of these could be a rise in the Personal Allowance. Read More

BBC Director General apologises to presenters who face huge tax bills

Director General of the BBC, Tony Hall, has apologised to presenters who face big tax bills after being given no option other than setting up personal service companies (PSCs) if they wanted to keep their jobs. Read More

Scammers posing as HMRC to get personal information

According to HM Revenue & Customs (HMRC), the organisation has been contacted by the public about hundreds of thousands of ‘suspicious messages’ which have been designed to steal personal information. Fraudsters have targeted taxpayers at a time when many of them are submitting their self-assessment tax returns. Read More

Self-assessment tax return deadline looms

Millions of UK taxpayers have just a few weeks to file their self-assessment tax return for the 2017/18 tax year with HM Revenue & Customs (HMRC). Those who do not meet the deadline face fines of at least £100. Read More

IHT review holds promise for farmers

The Inheritance Tax (IHT) Review by the Office of Tax Simplification (OTS) has some good news in connection with Agricultural Property Relief (APR) and Business Property Relief (BPR) for farming families. Read More

CGT implications on new build property

A recent court ruling won by HM Revenue & Customs (HMRC) could mean that anyone buying a new home off-plan could be hit with a tax bill for thousands of pounds. Read More

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