Vale & West Chartered Accountants Blog

Category Archives:Tax Blog

HMRC defeated in latest high profile IR35 case

A radio presenter has become the latest high profile person to win an IR35 tribunal case against HM Revenue & Customs (HMRC). Read More

HMRC issue incorrect CGT allowance to thousands of taxpayers

HM Revenue and Customs (HMRC) has recently issued nearly 350,000 incorrect short tax returns, indicating an error in taxpayers’ capital gains allowance. Read More

UK ‘tax gap’ at record low, figures reveal

The tax gap – the difference between the amount of tax that should be paid and what is actually paid – has shrunk to just 5.6 per cent. Read More

Time taken to settle HMRC tax investigations reaches record length

The length taken to settle HM Revenue & Customs (HMRC) tax investigations reached an all-time high in March 2019. Read More

HMRC backs down from pension tax case

HM Revenue and Customs (HMRC) has recently withdrawn an appeal in a key court case over a 55 per cent charge it wanted to levy. Read More

Are you aware of the inheritance tax risks associated with gifting?

According to new research conducted by the National Centre for Social Research (NatCen) and the Institute for Fiscal Studies (IFS), only one in four people who make financial gifts are aware of the inheritance tax (IHT) risks. Read More

HMRC wins disguised remuneration disputes

HM Revenue & Customs (HMRC) have been awarded the ruling in two cases involving disguised remuneration arrangements, reports have revealed.  Read More

Workers could be missing out by not checking personal tax accounts

According to the latest research from the Post Office, just under half (46 per cent) of workers have never checked their personal tax accounts. Read More

HMRC reveals inheritance tax payments have hit a record high

According to data released by HM Revenue & Customs (HMRC) inheritance tax (IHT) payments have hit a record high. Read More

Young people targeted by HMRC scam

Every April and May, taxpayers are inundated with fraudsters purporting to be HM Revenue and Customs (HMRC). Refund scams circulate as it coincides with HMRC legitimately processing tax rebates. Read More

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