Vale & West Chartered Accountants Blog

Category Archives:Income Tax

What do you need to know about Income Tax?

If you’re feeling unsure about your Income Tax obligations, it’s important to understand what you are required to pay, how you pay it and what to do if you haven’t paid enough or have paid too much.

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Will you be paying less Income Tax from April?

During last week’s mini-Budget, The Chancellor, Kwasi Kwarteng made extensive changes to taxation.

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Controversial basis period reforms delayed by one year, Government announces

Controversial changes to the basis period rules will be pushed back to 2024, the Government has announced.

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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

Increasing number of taxpayers targeted with threatening tax scams, HMRC warns

Taxpayers should remain vigilant to tax scams “threatening arrest” following a surge in reports, HM Revenue & Customs (HMRC) has warned. Read More

The most common Self Assessment errors, according to HMRC

With less than two months to go until the 31 January Self Assessment deadline, HM Revenue & Customs (HMRC) is calling on taxpayers to get their annual return right the first time around. Read More

HMRC: Update tax credit account or risk overpayment

Those in receipt of tax credits must tell HM Revenue & Customs (HMRC) about any changes in their circumstances before 31 July or risk overpayment, it has been warned. Read More

Self-assessment taxpayers can “automatically defer payments on account”, HMRC confirms

Self-employed taxpayers due to make a payment on account can automatically defer the payment until 31 January 2021, it has been confirmed. Read More

IR35: Off-payroll working rules to go ahead in April 2021

Major changes to the off-payroll working rules will go ahead in April 2021, it has been confirmed. Read More

HMRC updates tax guidance for waiving income and bonuses and charitable giving

HM Revenue & Customs (HMRC) has updated its guidance for people choosing to waive their income to support their business or a charity during the COVID-19 pandemic. Read More

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