Vale & West Chartered Accountants Blog

HMRC shakes up VAT rules for overseas online retailers

Vale & WestSep 29,2016
Tax

In a bid to crack down on value-added tax (VAT) avoidance, HM Revenue & Customs (HMRC) has amended VAT rules to fall in line with new laws for overseas online retailers.

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UK economy suffers from serious imbalance in liquidity

Vale & WestSep 28,2016
Economy

Cash reserves have ballooned over the last five years, but companies are not doing enough with their funds to drive the growth of the economy, a report has revealed.

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New agreement on VAT at airports

Vale & WestSep 28,2016
Lee Gardner

The Airport Operators Association AOA) and the UK Travel Retail Forum (UKTRF) have launched a new Code of Practice (CoP) to ensure greater transparency on how air passengers benefit from the VAT relief concession for airport retailers.

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HMRC ‘premises raids’ have risen by more than half in five years

Vale & WestSep 27,2016
Tax

The number of ‘property raids’ or ‘premises raids’ undertaken by HM Revenue & Customs (HMRC) as part of criminal investigations into tax evasion have risen by more than half in the last five years, according to new reports.

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Taxman’s ‘Billets doux’ paying off

Vale & WestSep 26,2016
Richard Ziemba

Despite its much-trumpeted efforts to ‘go digital’, HM Revenue & Customs (HMRC) has announced that it is sticking handwritten Post-it notes on letters to tax avoiders in a bid to get their attention and get them to pay up.

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Five million UK taxpayers now using digital accounts, says HMRC

Vale & WestSep 26,2016
Tax

HM Revenue & Customs (HMRC) claims that as many as five million UK taxpayers have now started using personal digital tax accounts (PTA) in anticipation for Making Tax Digital (MTD).

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Company cars next in line for the salary sacrifice chopping block

Vale & WestSep 23,2016
Tax

Cash for car schemes will be the new focus of HM Revenue & Customs’ (HMRC) consultation on the future of salary sacrifice arrangements.

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Property transaction levels ‘stable’ since Brexit vote

Vale & WestSep 23,2016
Jason Pyke

UK property transaction levels remained steady over the course of the summer, according to the latest raw data from HM Revenue & Customs (HMRC).

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UK SMEs investigating new business strategies

Vale & WestSep 22,2016
SMEs

Two thirds of Britain’s Small and Medium-sized Enterprises (SMEs) say that they have investigated new business plans or strategies this summer, according to the latest research.

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HMRC push back Making Tax Digital for majority of SMEs

Vale & WestSep 21,2016
SMEs,Tax

Jane Ellison MP, finance secretary to the Treasury, has confirmed that the roll-out date for Making Tax Digital (MTD) will be pushed back for the majority of businesses. SMEs will now have until 2019 (previously 2018) to prepare for the tax overhaul. The MP has clarified that this update will only affect small and medium-sized

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