Vale & West Chartered Accountants Blog

Category Archives:Richard Ziemba

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

Calls for IHT to be simplified

The Office for Tax Simplification (OTS) has made several recommendations about inheritance tax (IHT), including whether trustees should be made to submit IHT forms if no tax is due. Read More

IHT tax rules could be overhauled

The number of people forced to calculate and submit complicated inheritance tax (IHT) forms could be slashed after a report from the Office for Tax Simplification (OTS) recommended a series of changes. Read More

800 BBC presenters still in tax turmoil

Recent research by the Guardian has found that around 800 BBC TV and radio presenters face scrutiny over their employment status after the state broadcaster was accused of dodging millions in National Insurance Contributions (NICs). Read More

Higher earners could lose out on child benefit

In his recent Budget, Chancellor Philip Hammond raised the thresholds for paying, while keeping the standard tax rates at 20 per cent, 40 per cent and 45 per cent in England and Wales. Read More

Fewer than 100 days to get this year’s tax return completed

The Government is suggesting that, as there is now fewer than 100 days before the 2017 to 2018 Self-Assessment tax return is due, people should start thinking about getting their submissions in if they haven’t already. Read More

Income tax allowances could be frozen

Rumours have emerged that Chancellor Philip Hammond will freeze personal income tax allowances to fund the £20 billion promised to the NHS despite promises to the contrary at the 2017 election. Read More

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