Vale & West Chartered Accountants Blog

Author Archives : Vale & West

HMRC defeated in latest high profile IR35 case

A radio presenter has become the latest high profile person to win an IR35 tribunal case against HM Revenue & Customs (HMRC). Read More

Half of all income tax in the UK paid by top five per cent

Government figures have revealed that five per cent of people pay more than half of the UK’s tax, and experts warn that this uneven burden puts the economy at risk. Read More

Total value of UK exports reach “record high” despite global headwinds

The total value of UK goods and services exports increased by four per cent in 2019, a new report has revealed. Read More

Managing business expenses is the biggest headache for SMEs

According to the latest research, managing travel costs and business expenses are the two biggest headaches for businesses in the UK. Read More

Private firms should start preparing now for IR35

According to recent research, private firms that employ contractors could experience major disruption when changes are made to IR35 and Off-Payroll working rules in April 2020, as tax liability changes will affect national insurance and significantly increase the cost of hiring them. Read More

HMRC publishes Making Tax Digital ‘Mythbusters’ helpsheet

HM Revenue & Customs (HMRC) has published a Making Tax Digital (MTD) ‘Mythbusters’ helpsheet to clarify the current situation regarding businesses and MTD. Read More

Could the IHT seven-year rule on gifts be cut to five?

At present, when someone dies within seven years of passing on money, property or possessions to loved ones, tax of up to 40 per cent must be paid. Read More

Call for IHT shake up

A recent review of inheritance tax (IHT) by the Office of Tax Simplification (OTS) suggests that the Government should make it simpler to pass wealth down through the generations. Read More

Political uncertainty continues to stunt growth among small business community

More than seven in 10 small businesses have held back on investment while Brexit uncertainty continues to loom overhead, a new study has revealed. Read More

Serco fined additional £23 million over false accounting charges

Outsourcing giant Serco has been fined an additional £23 million over fraud and false accounting charges, a report has revealed. Read More

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