Vale & West Chartered Accountants Blog

Category Archives:Richard Ziemba

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

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

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