Vale & West Chartered Accountants Blog

Making Tax Digital for VAT pilot launched by HMRC

Vale & WestOct 17,2018
Blog,HMRC,Making Tax Digital,MTD,Tax,Tax Blog,VAT

HM Revenue & Customs (HMRC) has this week opened a pilot scheme for Making Tax Digital (MTD) for VAT – the first phase of the Government’s digital tax reporting overhaul.

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Income tax allowances could be frozen

Vale & WestOct 15,2018
Richard Ziemba

Rumours have emerged that Chancellor Philip Hammond will freeze personal income tax allowances to fund the £20 billion promised to the NHS despite promises to the contrary at the 2017 election.

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HMRC clamp down on late payments by seizing assets from businesses’

Vale & WestOct 15,2018
Blog,Business Blog,HMRC

Recently, there has been a sharp increase in tax inspectors taking control of goods to settle bills with companies who cannot afford to pay with cash.

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82 per cent of SMEs are struggling to recruit top talent, survey finds

Vale & WestOct 12,2018
Blog,Business Blog,SME,SMEs,SMEs / Business

The vast majority (82 per cent) of UK small and medium-sized enterprises (SMEs) are struggling to recruit the right talent they need to help their business grow, a new study reveals.

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Treasury weighing up tax break for landlords who sell to young adults

Vale & WestOct 11,2018
Blog,Budget,Property,Tax,Tax Blog

The chancellor, Phillip Hammond is considering introducing a tax break in this month’s budget rewarding landlords who sell their properties to sitting tenants, after it was revealed that 40 per cent of young adults are unable to buy a home.

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Calls for digital tax

Vale & WestOct 11,2018
Kathryn Cutts

A number of owners of the UK’s biggest restaurant and pub chains have written to Chancellor Philip Hammond urging him to carry out a ‘root and branch reform’ of the tax system, which they say should include a freeze on business rates and a levy on tech giants.

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Is your law firm ready for the price publication deadline?

Vale & WestOct 10,2018
Blog,Jason Pyke

The Law Society of England and Wales has warned law firms to prepare and plan ahead for this year’s deadline to publish price and service information.

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SMEs struggling to realise their growth plans, study suggests

Vale & WestOct 10,2018
Blog,Business,Business Blog,SME,SMEs,SMEs / Business

A new study carried out by the British Business Bank suggests that one in three small and medium-sized enterprises (SMEs) are struggling to realise their growth plans, due to a lack of understanding of small business finance.

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Requirement to Correct

Vale & WestOct 8,2018
Richard Ziemba

New legislation that came into effect on 1 October, called Requirement to Correct (RTC), could mean that hundreds of thousands of investors with holdings in offshore fund ‘hotspots’ could be hit with unexpected fines.

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PayPal caught up in technology tax crackdown

Vale & WestOct 8,2018
Blog,Business,Business Blog,Tax,Tax Blog,Tax News

PayPal is among the first global tech giants to come under the hammer of HM Revenue & Customs’ (HMRC) new tech tax policy after it agreed to pay an extra £2.7 million in tax.

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