Vale & West Chartered Accountants Blog

More than a million pensioners now pay higher rate tax – Here’s what it means for you

New figures have confirmed what many retirees are starting to feel in their bank statements.

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Crypto investors have paid £1.38 billion in tax: Do you know what you need to pay?

HMRC sent over 65,000 warning letters to cryptocurrency investors over the last year due to a suspected underpayment of tax.

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What does the end of the Great British Summer Savings scheme mean for businesses?

It is no longer just the grass that is brown as the changing seasons are being reflected on the leaves of the UK’s deciduous trees.

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You don’t own the business, but do you still owe the tax? HMRC ‘failure to notify’ penalties following a share disposal

If you are a shareholder in a company you have little involvement in, you might not realise a share disposal can trigger Capital Gains Tax (CGT).

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Pokémon cards and cryptocurrency: Understanding Capital Gains Tax when selling assets for a profit

Capital Gains Tax (CGT) receipts were up 17.6 per cent in July compared to July 2025, highlighting the growing importance of understanding the tax implications of asset sales.

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Tips for tipping – Does automation spoil business relationships?

Automation is often viewed by business owners as an effective way to improve profitability by cutting back on tedium so that more time can be spent engaging with high-value work.

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Sole trader vs limited company for side hustles – Which is the most tax-efficient?

With many individuals starting a ‘side hustle’ to supplement their salary, setting up as a sole trader or limited company is the first big decision.

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HMRC is set to automatically sign up thousands of taxpayers to MTD after a slow uptake

The first quarterly filing deadline for MTD for Income Tax passed on 7 August, with 864,000 sole traders and landlords earning over £50,000 a year set to have signed up and completed the filing.

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Can your business afford the team you need to deliver growth?

To say that the UK economy is a bit of a mixed bag at the moment is something of an understatement, as the disparity between different businesses is resulting in an odd pattern emerging.

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Why is keeping business and personal finances separate so important?

Where personal spending and business spending overlap, financial tracking can unnecessarily become a headache.

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