Vale & West Chartered Accountants Blog

UK creative sector receives more than £1.1 billion in tax relief

Vale & WestAug 23,2019
Accountancy,Accounting,Blog,Business,SME,SMEs,SMEs / Business,Tax

The UK’s creative industries received more than £1.1 billion in sector-specific tax reliefs in the last year, according to the latest research.

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Government to allocate trading numbers to more than 88,000 UK firms ahead of Brexit

Vale & WestAug 22,2019
Blog,Business,Exports,HMRC,VAT

Ahead of a potential no-deal Brexit, the Government has announced that it will start automatically enrolling UK firms in the customs system.

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Alternative Business Structures and succession planning for solicitors

Vale & WestAug 21,2019
Blog,Finance

A non-practising family has been able to keep their mother’s law practice alive by converting it to an alternative business structure (ABS).

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A fuel duty hike could help combat pollution

Vale & WestAug 21,2019
Terry Wright

A recent report suggests that taxation measures, including higher fuel duty, which is currently frozen, and a surcharge on fuel duty for diesel fuel, could significantly reduce levels of air pollution in the UK.

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CIOT urges HMRC to delay VAT reverse charge for the construction industry

Vale & WestAug 21,2019
Accountancy,Accounting,Blog,Business,HMRC,SME,SMEs,SMEs / Business,Tax,Tax Blog,VAT

The Chartered Institute of Taxation (CIOT) is urging HM Revenue & Customs (HMRC) to delay the introduction of the VAT reverse charge for the construction industry.

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Almost half of UK adults pay no income tax

Vale & WestAug 19,2019
Richard Ziemba

Recent research from the Institute of Fiscal Studies (IFS) has revealed that almost half of UK working adults are paid so little that they do not pay income tax and that the median income taxpayer has a taxable income of just £22,000 a year.

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Half of UK SMEs are struggling with cash flow

Vale & WestAug 19,2019
Blog,Business,Finance,SME,SMEs,SMEs / Business

According to the latest industry research, 2.5 million (44 per cent) UK small and medium-sized enterprises (SMEs) are struggling with cash flow as they prepare for Brexit.

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Retailers urge changes to “broken business rates system”

Vale & WestAug 16,2019
Kathryn Cutts

More than 50 of the UK’s biggest retailers have written to Chancellor Sajid Javid urging him to “fix the broken business rates system”, citing the fact that one-tenth of high street shops are now vacant, which is the highest vacancy rate since 2015.

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Late payments causing businesses more problems than last year

Vale & WestAug 16,2019
Blog,Business,Business Blog,Finance,SME,SMEs,SMEs / Business

According to the latest research from the Independent Chartered Accountants of England and Wales (ICAEW), late payments are more of a problem for businesses than they were last year.

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Burgeoning costs of employment forcing small businesses to cut back on investment

Vale & WestAug 15,2019
Blog,Business,Business Blog,Payroll,SME,SMEs,SMEs / Business

The rising legal minimum wage is forcing small businesses to cut back on investment and reduce headcount, a new study has revealed.

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