Vale & West Chartered Accountants Blog

Housebuilder blames SDLT surcharge for slump in demand

Vale & WestDec 2,2016
Jason Pyke

One of Britain’s largest housebuilders says that the Government’s ”extraordinary attack on buy-to-let landlords” has led to a sharp decline in the number of reservations made for its properties.

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Making Tax Digital could lead to “catastrophic collapse” in customer service, say MPs

Vale & WestDec 2,2016
Tax

MPs from the Public Accounts Committee (PAC) have voiced concerns that the “looming threat” of Making Tax Digital (MTD) will result in a “catastrophic collapse” in customer service at HM Revenue & Customs (HMRC).

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SMEs are struggling to win business in the public sector, says study

Vale & WestDec 1,2016
SMEs

A new study suggests that some 65 per cent of UK small and medium-sized enterprises (SMEs) are struggling to win business in the public sector.

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Rise in NLW

Vale & WestDec 1,2016
Carole Holt

In last week’s Autumn Statement, Chancellor Philip Hammond announced that the National Living Wage hourly rate will rise in April next year to £7.50 for workers aged 25 or over. Recommended by the Low Pay Commission (LPC), the rise represents a 4.2 per cent increase for this cohort from the current rate of £7.20.

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FRC to investigate audit of Sports Direct

Vale & WestDec 1,2016
Lee Gardner

A regulator has launched an investigation into the preparation and audit of Sports Direct’s latest financial statements.

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UK at no. 10 in world business tax stakes

Vale & WestNov 30,2016
Kathryn Cutts

The UK has jumped five places to 10th position in a World Bank league table of business-friendly tax regimes, reflecting the corporate tax cuts introduced by former Chancellor George Osborne, who was determined to demonstrate that Britain was “open for business”. In addition, the country had the highest ranking of any G20 country, followed by

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Lack of sleep costing UK economy up to £40 billion a year

Vale & WestNov 30,2016
Economy

Sleep deprived workers are costing the UK economy nearly £40 billion a year, a report has revealed.

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HMRC will be first Government department to crack down on ‘phishing scams’

Vale & WestNov 29,2016
Tax

HM Revenue & Customs (HMRC) will be the first Government department to crack down on so-called ‘phishing scams’, following reports of a rise in fraudulent emails purporting to be from the Revenue and tricking taxpayers into releasing sensitive information.

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Autumn Statement’s impact on personal tax

Vale & WestNov 28,2016
Richard Ziemba

In his Autumn Statement delivered last week, Chancellor Philip Hammond announced several major tax benefits that will affect how much of their earnings workers will be allowed to keep from next April.

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Economic growth robust in third quarter, says ONS data

Vale & WestNov 28,2016
Economy

UK growth has remained robust since the European Union (EU) Referendum, according to new data from the Office for National Statistics (ONS), which confirms that gross domestic product (GDP) grew by 0.5 per cent between July and September.

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