Vale & West Chartered Accountants Blog

Category Archives:HMRC

Act now to continue receiving tax credits, says HMRC

Workers and self-employed business owners who claim tax credits, Child Benefit or Guardian’s Allowance have just one month left to switch their Post Office card account, it has been warned.

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Are you prepared for payroll changes this April?

Employers have been urged to prepare for changes to automatic enrolment, the minimum wage, and taxes this April.

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NFT fraudsters arrested by HMRC

Three people have been arrested on the suspicion of attempting to defraud HM Revenue & Customs (HMRC) for a total of £1.4 million. Read More

Penalty reform for VAT delayed until January 2023

The penalty reform for late payments has been delayed until 1 January 2023, confirms a statement by Lucy Frazer (The Financial Secretary to the Treasury). Read More

Late filing penalties waived for one month to give taxpayers more time to prepare 2020/21 tax return

Late filing and late payment penalties will be waived for one month to give taxpayers more time to prepare their 2020 to 2021 Self Assessment tax return, it has been announced. Read More

Workers claiming Working Tax Credit urged to update their hours

Workers in receipt of Working Tax Credit (WTC), have been urged to check if they need to update their working hours. Read More

MTD for Income Tax delayed until April 2024, HMRC confirms

Making Tax Digital (MTD) for Income Tax will be delayed until April 2024, the Government has confirmed. Read More

Personal tax: Thousands of parents “missing out” on Tax-Free Childcare

HM Revenue & Customs (HMRC) has reminded parents that they may be eligible for Tax-Free Childcare ahead of the new academic year. Read More

150,000 businesses owe HMRC £2.7 billion in deferred VAT payments

HM Revenue and Customs (HMRC) reported that 150,000 UK businesses have not yet made arrangements to pay back deferred VAT payments, and therefore owe the department £2.7 billion.   Read More

What is RTI for Payroll?

Whether you employ one worker or one thousand, Real Time Information (RTI) for payroll helps businesses stay on top of compliance and ensures employees pay the correct amount of tax.

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