Vale & West Chartered Accountants Blog

Monthly Archives: January 2018

Mental health episode is a “reasonable excuse” for late tax return, says HMRC

Vale & West
Jan 31,2018
Blog,Tax

Taxpayers suffering from mental health conditions are likely to be given greater consideration should they file a late tax return, according to a leading tax authority. The Association of Tax Technicians (ATT) said HM Revenue & Customs (HMRC) has a growing awareness of mental health and “appear to be taking this into account regarding fines”.

‘Axe the Safety Tax’

Vale & West
Jan 31,2018
Lee Gardner

A high-profile campaign called ‘Axe the Safety Tax’, which is endorsed by a number of MPs and celebrities, is about to launch to abolish VAT on all safety products and services that go into UK homes.

‘New employers’ must have a pension plan in place by 1 February 2018

Vale & West
Jan 30,2018
Blog,SME,SMEs

Employers who first set up their business between 1 July 2017 and 30 September 2017 are being reminded that they must have automatically enrolled their employees into a workplace pension scheme before 1 February 2018.

Business rates relief fund offers “false hope” to SMEs, says FSB

Vale & West
Jan 29,2018
Blog,SME,SMEs

The Federation of Small Businesses (FSB) has criticised the Government’s £300 million business rates relief fund, amid concerns that hundreds of businesses are still waiting to benefit from the scheme. Mike Cherry, Chairman of the FSB, has voiced concerns that the initiative has offered “false hope” to many small and medium-sized enterprises (SMEs) who are

Expanding landlords undeterred by PRA changes to the mortgage application process

Vale & West
Jan 26,2018
Jason Pyke

Buy-to-let property investors who own four or more mortgaged properties are still keen to expand their property portfolios, despite new regulatory changes which require them to undergo ‘stress tests’ when applying for a new mortgage.

Small businesses admit to being late payers

Vale & West
Jan 26,2018
SMEs

Small and medium-sized enterprises (SMEs) are not quite the punctual payers they think they are, according to a new study, with 69 per cent of finance managers admitting to being “frequent late payers”.

Taxpayers urged to look out for ‘Government Gateway’ email scam

Vale & West
Jan 25,2018
Tax

A new type of HM Revenue & Customs (HMRC) email scam has been circulating ahead of next week’s self-assessment tax return deadline.

Third of taxpayers yet to complete Self Assessment with just one week to go

Vale & West
Jan 24,2018
Tax

Almost a third of tax returns are outstanding with just a week to go before the January Self Assessment deadline, HM Revenue & Customs (HMRC) has revealed.

Britain is ‘a great place to do business’, say SMEs

Vale & West
Jan 23,2018
Accounting,SMEs

According to a new study, almost three quarters (72 per cent) of established small and medium-sized enterprises (SMEs) believe that the UK is a great place to set up a new business.

HMRC offers support to those affected by Carillion collapse ahead of January self-assessment deadline

Vale & West
Jan 22,2018
Tax

HM Revenue & Customs (HMRC) will offer support to those affected by the Carillion collapse ahead of the 31 January tax return deadline.

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