Vale & West Chartered Accountants Blog

Category Archives:Tax Blog

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

HMRC suffers defeat in an IR35 case

The presenter of television show Loose Women, Kaye Adams, has become the latest TV personality to win a case against HM Revenue & Customs (HMRC) over her employment status. Read More

Government to scrap tax relief for landlords

The Government is considering scrapping lettings relief for most landlords after concerns were raised that the tax break was being used “out of line with the intention of the exemption”. Read More

Non-resident UK property owners to be hit with new tax charge

People that possess property in the UK but do not live in the UK have been advised of a tax charge which comes into force next month on sales of both residential and commercial property and land. Read More

Making tax digital is live today, yet one million businesses are not registered

As of today, UK based businesses that have a taxable turnover above the VAT threshold of £85,000 will be required to switch to the new digital tax service to report earnings and calculate VAT owed. Read More

Can a tax tribunal ruling point out stamp duty surcharge exemption?

A recent tax tribunal verdict may have just opened an opportunity where buy to let investors could avoid paying the three per cent stamp duty surcharge levied on additional homes. Read More

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