Vale & West Chartered Accountants Blog

7.4 million taxpayers now using HMRC’s digital personal tax accounts, says study

Vale & WestFeb 20,2017
Tax

HM Revenue & Customs (HMRC) has hailed its new personal tax accounts (PTAs) ‘a success’, after data revealed that more 7.4 million taxpayers had signed up for its digital accounts by the end of 2016.

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Hospitality chiefs warn business rates could damage industry

Vale & WestFeb 20,2017
Kathryn Cutts

The Association for Licensed Multiple Retailers (AMLR) has written to Chancellor Philip Hammond asking him to dilute the impact of business rate rises due in April, claiming that many pubs and restaurants could go out of business because of the increases.

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EU proposes markedly lower country-by-country reporting threshold

Vale & WestFeb 17,2017
Economy

The European Courts are considering a move to lower the threshold in which businesses must report country-by-country revenues, it has emerged.

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First-time buyer activity up, but home-moving activity more subdued

Vale & WestFeb 17,2017
Jason Pyke

A new study suggests that a record £56billion worth of mortgage lending was granted to first-time buyers last year – representative of the highest level of new homeowner lending ever recorded by the Council of Mortgage Lenders (CML).

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Crack down on unpaid CGT raises £140m for HMRC

Vale & WestFeb 16,2017
Tax

New research suggests that investigations into unpaid Capital Gains Tax (CGT) managed to raise an additional £140million for HM Revenue & Customs (HMRC) over the course of the last financial year.

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Spiralling business rates close four pubs every day

Vale & WestFeb 15,2017
SMEs

Around four pubs close their doors every day in the face of rising business rates, a new study has revealed.

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Taxpayers waiting longer for HMRC enquiries to close, says study

Vale & WestFeb 14,2017
Tax

A new study suggests that HM Revenue & Customs (HMRC) enquiries are taking longer to close – and that taxpayers had to wait an average of 60 days (or 24 per cent) longer for the Revenue to complete investigations last year.

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Tax changes for non-doms just around the corner

Vale & WestFeb 13,2017
Tax

Important changes to the tax treatment of non-domiciled (non-dom) individuals in the UK are due to take effect from the beginning of April – and those who believe they might be affected are strongly urged to seek advice.

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Tax burden to increase

Vale & WestFeb 13,2017
Richard Ziemba

The UK’s tax burden will soon rise to its highest level for over 30 years, which will extend the period of austerity until the mid-2020s, according to the Institute for Fiscal Studies (IFS).

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Mind the gap

Vale & WestFeb 13,2017
Carole Holt

New regulations coming into effect in April 2017 will require organisations with 250 or more employees to publish the difference between what they pay their male and female employees.

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