Vale & West Chartered Accountants Blog

Category Archives:Self Assessment

Five Self-Assessment deductions you didn’t know you could claim

With the Self-Assessment deadline passing on 31 January, it’s clear that many sole traders and business owners aren’t using allowable expenses and deductions to their full potential.

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Tightening the reins on ‘side hustles’ – Navigating HMRC’s new powers

HM Revenue & Customs (HMRC) is now using new powers granted to them by the Government to target a key area of tax evasion – online traders. Read More

100 days until the Self-Assessment deadline: Are you ready?

We are now only 100 days away from the Self-Assessment tax deadline on 31 January 2024.  

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Secure your financial future – Plan ahead and send Self-Assessment returns early

Recent data from HM Revenue and Customs (HMRC) reveals a significant trend – an increasing number of UK taxpayers are filing their Self-Assessment tax returns within the first week of the new tax year.

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How HMRC’s new online tools can help you simplify taxation

HM Revenue and Customs (HMRC) has always been at the forefront of embracing technological advancements to make tax-related processes more straightforward for businesses and individuals.

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Self-Assessment benefits for small businesses

As a small business owner, you are probably familiar with the term ‘Self-Assessment’. While many entrepreneurs link Self-Assessment primarily with the yearly tax ritual, it offers a lot more. Read More

Have you filed your online Self-Assessment form?

The clock is ticking for taxpayers, as the countdown to submit online Self-Assessment tax returns has begun.

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Hidden charges alert as 2.3 million miss Self-Assessment deadline

To many taxpayers, it must seem like the ongoing effects of the pandemic are an endless nightmare of tax deadlines, after the endless nightmare of lockdowns.

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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

HMRC asks sole traders to correctly report SEISS grants or “repay in full”

Sole traders who have not correctly reported their Self Employment Income Support Scheme (SEISS) grants may be forced to repay them in full, it has been warned.

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