Vale & West Chartered Accountants Blog

Category Archives:Kathryn Cutts

PM candidate pledges to cut business rates

One of the two remaining Conservative MPs in the race to become Prime Minister has pledged to exempt hundreds of thousands of firms from business rates in a bid to save the UK’s “dying high streets”. Read More

Consultation on R&D tax credit scheme

The Government is currently consulting on proposals, which suggest that there should be a cap on the distribution of research and development (R&D) tax credits for struggling small and medium-sized enterprises (SMEs). Moreover, the BioIndustry Association (BIA) has raised concerns that if implemented, this could harm a thriving sector. Read More

Businesses paid more tax last year

According to a recent study, UK businesses paid £196 billion in tax during 2018/19, which is a considerable increase on £188 billion in the previous year. In total, during the year, business tax contributions amounted to 27 per cent of all tax revenue collected by the Treasury. Read More

Small firms don’t feel fairly treated by the taxman

According to new research from the British Chambers of Commerce (BCC), small firms believe that the UK tax system favours larger businesses and that the system is “fundamentally unfair”. Read More

HMRC criticised for closing down small firms due to late tax payments

An alternative small business lending platform has criticised HM Revenue & Customs’ (HMRC) approach to small businesses that fall behind on tax payments, saying that the methods used to combat issues are “too aggressive”. Read More

Business rates appeals plummet

According to the Valuation Office Agency (VOA), the number of appeals against business rates has plummeted because businesses are struggling to navigate the new ‘check challenge appeal’ (CCA) system. Read More

Streamlined Company Registration Service

According to the Government, more than 200,000 new businesses have used a new one-stop cross-Government service that allows new start-ups to register their business and also for tax and HMRC’s digital services at the same time. Read More

Added tax on hauliers would damage the economy

The Road Haulage Association (RHA) has slammed the Shadow Treasury’s plan to increase taxes on the haulage industry, saying that the move would “undermine the competitiveness of all UK industry”. Read More

Cash tax rebate for retailers

Recent research has found that more than 2,300 supermarkets, petrol stations and smaller shops are due to receive a cash rebate of more than £200 million after a recent landmark ruling found that retailers are not liable for business rates on cash machines (ATMs). Read More

Business rates loophole could be losing councils millions

A consultation into a business rates ‘loophole’, which could be costing councils in England millions of pounds, has been opened. The issue arises when second homes are confused with business lets. Read More

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