Vale & West Chartered Accountants Blog

HMRC launches new customs service

Vale & WestAug 17,2018
Blog,HMRC,Tax,Tax Blog

Businesses trading internationally can now use the first iteration of the new Customs Declaration Service (CDS).

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Calls for SMEs to ‘go cashless’

Vale & WestAug 16,2018
Blog,Business,Business Blog,SME,SMEs,SMEs / Business

Small and medium-sized enterprises (SMEs) are facing mounting pressure to ‘go cashless’ and adopt new payments technology in order to keep up to speed with consumer trends.

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More than half of UK landlords are optimistic about outlook for buy to let market

Vale & WestAug 15,2018
Accountancy,Accounting,Blog,Property,Tax,Tax Blog

A new survey has found that over half of landlords in the UK feel optimistic about the buy to let sector despite a raft of regulatory and tax changes introduced in recent years.

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Law firm fined after failing to comply with SRA Accounts Rules

Vale & WestAug 14,2018
Blog,Jason Pyke

A law firm has been fined a total of £35,000 and shut down for failing to comply with the profession’s accounting rules.

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Record high of £14.6bn paid in corporation tax by UK financial services sector

Vale & WestAug 13,2018
Blog,Corporation Tax,Finance,Tax,Tax Blog

The UK financial services (FS) sector paid a record high of £14.6 billion worth of corporation tax (including Bank Levy) in the last year, up 24 per cent from the £11.8bn paid during the 2015/16 financial year according to industry figures.

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Have you used your unused pensions annual allowance?

Vale & WestAug 13,2018
Blog,HMRC,Pension,Pensions,Personal Tax

HM Revenue & Customs (HMRC) has reminded taxpayers that they can carry forward any unused annual allowance if their pension savings exceed this year’s allowance.

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Landlords expected to increase rents rapidly over next few years

Vale & WestAug 13,2018
Blog,Jason Pyke

A new study carried out by the Royal Institution of Chartered Surveyors (RICS) suggests that UK landlords will be forced to increase rents rapidly over the next few years as ongoing tax changes continue to squeeze their finances.

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Payroll loans could save workers millions a year

Vale & WestAug 9,2018
Carole Holt

The Chartered Institute of Payroll Professionals (CIPP) has suggested that UK workers could save more than £250 million a year in interest rate charges if businesses introduced a payroll loan scheme.

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AAT calls on Government to reconsider proposed Rent a Room tax relief changes

Vale & WestAug 9,2018
Blog,HMRC,Personal Tax,Property,Tax,Tax Blog

The Association of Accounting Technicians (AAT) has called on the Government to rethink its proposals to reform Rent a Room tax relief, amid concerns that the changes would result in “unnecessary complexity.”

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Calls for VED rethink

Vale & WestAug 8,2018
Kathryn Cutts

Proposed changes to the Vehicle Excise Duty (VED) regime could hurt small businesses according to business lobby groups, who believe that any changes should be delayed.

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