Vale & West Chartered Accountants Blog

Monthly Archives: October 2015

Creative SMEs are a major boost to the economy

Vale & West
Oct 30,2015
Economy

Small businesses in the creative and digital industries are an increasingly crucial part of the economy in the UK’s major cities, a new report has revealed.

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Workie Campaign Launched

Vale & West
Oct 29,2015
Carole Holt

Pensions Minister Ros Altmann has launched an advertising campaign featuring a fluffy monster-like character called ‘Workie’, who is designed to embody the workplace pension in a bid to raise awareness about auto-enrolment (AE) amongst small employers.

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HMRC set for 45 per cent tax on repayment interest

Vale & West
Oct 29,2015
Tax

HM Revenue and Customs (HMRC) is set to charge corporation tax to 45 per cent on any interest it has to pay back to taxpayers who initially overpaid the amounts they owed.

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Financial Conduct Authority reveals its internal audit failures

Vale & West
Oct 29,2015
Lee Gardner

The Financial Conduct Authority (FCA) has published its official internal audit report, and the findings show that standards were not met in several key areas.

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ECJ rules on cryptocurrencies

Vale & West
Oct 28,2015
Accounting

The European Court of Justice (ECJ) has ruled that bitcoin and other digital currencies are to be exempt from VAT after the Swedish tax authority disagreed with a court ruling following a policy query by a Swedish dealer in the cyptocurrency.

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Heseltine faces backlash over redundancy comments

Vale & West
Oct 28,2015
Accounting,Economy

One of the Prime Minister’s economic advisors has courted controversy after claiming that it was “as good a time” as any to be made redundant.

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0.5 per cent third quarter growth means UK economy is slowing

Vale & West
Oct 27,2015
Economy

According to the most recent information from the Office for National Statistics (ONS), economic growth for the UK was at a rate of 0.5 per cent for the period from July to September.

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Small businesses losing overdrafts

Vale & West
Oct 27,2015
Kathryn Cutts

New research has found that almost a third of overdrafts held by small and medium-sized enterprises (SMEs) in the UK have been reduced or removed altogether over the past two years, with the trend likely to continue as banks’ capital controls tighten.

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HMRC alters wording for Gift Aid declarations

Vale & West
Oct 26,2015
Kathryn Cutts

Starting from next April, charities will be required to use a revised Gift Aid declaration form for one-off donations.

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New trade deals ‘will bring in £20 billion’ for a Britain outside the EU, according to report

Vale & West
Oct 26,2015
Economy

According to the Government’s business department, the nation’s income would be given a £20 billion boost if it were to leave the European Union (EU).

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