Vale & West Chartered Accountants Blog

Category Archives:Tax

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 publishes Making Tax Digital ‘Mythbusters’ helpsheet

HM Revenue & Customs (HMRC) has published a Making Tax Digital (MTD) ‘Mythbusters’ helpsheet to clarify the current situation regarding businesses and MTD. Read More

Could the IHT seven-year rule on gifts be cut to five?

At present, when someone dies within seven years of passing on money, property or possessions to loved ones, tax of up to 40 per cent must be paid. 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

A quarter of major defaulters on HMRC list are in the restaurant and takeaway industry

A quarter of the cases on HM Revenue & Customs’ (HMRC) list of major defaulters are from the restaurant and takeaway sector, according to the latest data. 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

Industry bodies call for Government to delay IR35

UK industry is calling for the Government to delay plans to extend the IR35 tax law to the private sector. Read More

Owner of ancient burial ground charged thousands in business rates argues he should be exempt

A man who opened the first ‘Neolithic’ burial mound to be built in the UK for some 5,500 years has been asked to pay more than £13,000 in business rates. 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 refunds £1.8 million child benefit tax penalties

HM Revenue and Customs (HMRC) has issued £1.8 million in refunds after reviewing cases where families were hit with penalties for failing to register for a charge relating to their child benefits. Read More

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