Vale & West Chartered Accountants Blog

Gifts out of income and their benefits to beneficiaries

Vale & WestMar 12,2019
Blog,Inheritance,Jason Pyke

Giving away surplus income as a gift to family members is often promoted as an excellent way of planning for the future and as a way of reducing liabilities on a person’s estate. But how do the rules regarding gifts work in practice?

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One in four “yet to prepare” for Making Tax Digital for VAT

Vale & WestMar 11,2019
Blog,MTD,VAT

Around half of all VAT-registered small businesses required to comply with Making Tax Digital (MTD) do not currently have the right software in place, a new report has revealed.

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BTL tax reforms deemed ‘misguided’ as Philip Hammond is asked to reconsider

Vale & WestMar 8,2019
Blog,Jason Pyke,Property

Estate agents Haart are urging chancellor Philip Hammond to reconsider the government’s “misguided” buy-to-let tax reforms as a lack of new homes to buy pushes up rental prices by six per cent.

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Number of exporting businesses increase ahead of Brexit

Vale & WestMar 8,2019
Blog,Brexit,Business,Business Blog,Exports,International,SMEs / Business

The number of VAT-registered businesses exporting goods across the UK has increased to 110,800, new figures have revealed.

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Government announces consultation for plans to make HMRC a preferential creditor after insolvency

Vale & WestMar 7,2019
Blog,Budget,Economy,HMRC,Insolvency

The Government has announced details of the first public consultation on its plans to make HM Revenue & Customs (HMRC) a secondary preferential creditor for certain tax debts which are paid by employees and customers after the insolvency of a business.

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FRC calls for tougher rules surrounding ‘going concerns’

Vale & WestMar 7,2019
Accounting,Blog,Lee Gardner

The Financial Reporting Council (FRC) has called for stricter standards when assessing whether an entity is defined as a ‘going concern’.

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Law firms: are you ready for digital tax?

Vale & WestMar 7,2019
Blog,Legal,Property

Some 1.2 million organisations, including solicitors, barristers and alternative law firms, have just one month left to prepare for the introduction of Making Tax Digital (MTD), the Government’s new digital tax regime.

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New research has discovered the fastest growing UK industries for women

Vale & WestMar 6,2019
Blog,Business,Business Advice,Business Blog,Business News,Employees,SMEs / Business

Marking International Women’s Day 2019, a study has explored labour market data from the Office of National Statistics to reveal where new opportunities are opening up for women and where potential new career paths may exist.

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Shakira to face tax fraud accusation in Spanish court

Vale & WestMar 4,2019
Blog,Business Blog,Personal Tax,Tax,Tax Blog,Tax News

The Colombian singer, Shakira whose estimated wealth is £176 million, is being investigated on suspicion of committing six separate counts of tax fraud against the Spanish Treasury totalling more than £12.5 million (€14.5 million).

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Savings from tax

Vale & WestMar 4,2019
Richard Ziemba

Recent official figures show that the use of Individual Savings Accounts (ISAs) and pensions slashed the personal tax bill by £27.2 billion in 2017/18, and this figure could rise to £28.75 billion this tax year.

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Telephone: 0118 957 3238
Fax: 0118 956 7282
Email: accountants@valewest.com