Author Archive Vale & West

How could a new Prime Minister impact SMEs in the UK?

July 9, 2026 Comments Off on How could a new Prime Minister impact SMEs in the UK? By Vale & West

With Keir Starmer announcing his resignation as Prime Minister, there has been much speculation about what this means for the future of UK politics.

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HMRC launches consultation for mandatory Direct Debit VAT and PAYE payments

July 8, 2026 Comments Off on HMRC launches consultation for mandatory Direct Debit VAT and PAYE payments By Vale & West

HMRC is currently consulting on proposals that could make Direct Debit the mandatory payment method for VAT and PAYE liabilities – a move that would affect millions of UK businesses.

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Government proposes changes to the taxation of distributions and repayments of capital from companies

July 7, 2026 Comments Off on Government proposes changes to the taxation of distributions and repayments of capital from companies By Vale & West

The last few weeks have been awash with minor and major reforms to taxation in the UK, as part of HMRC’s  Tax Update 2026.

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Paying tax as you earn it: The proposal that could reshape Self Assessment

July 2, 2026 Comments Off on Paying tax as you earn it: The proposal that could reshape Self Assessment By Vale & West

Anyone subject to the UK’s Self Assessment system knows the rhythm by now. Income is earned across the tax year and the bill for it lands the following January.

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Making Tax Digital off to a slow start

July 1, 2026 Comments Off on Making Tax Digital off to a slow start By Vale & West

With the upcoming 7 August deadline, HMRC reports that it is still waiting for over half of those affected by Making Tax Digital (MTD) to register, let alone file their returns by the deadline.

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Time for a new leader – How can businesses preserve value when there is a change at the top?

June 30, 2026 Comments Off on Time for a new leader – How can businesses preserve value when there is a change at the top? By Vale & West

There are plenty of reasons why a new leader might be needed, whatever kind of business or institution you operate.

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Accepting cryptocurrency as payment – The tax implications for UK SMEs

June 25, 2026 Comments Off on Accepting cryptocurrency as payment – The tax implications for UK SMEs By Vale & West

One in five of the UK’s top SMEs is already seeing customer demand for cryptocurrency payments, according to a recent survey by payment technology provider DECTA.

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The 53 per cent tax surge: How frozen thresholds are quietly costing you more

June 24, 2026 Comments Off on The 53 per cent tax surge: How frozen thresholds are quietly costing you more By Vale & West

It has been reported that UK taxpayers have paid £153.7 billion in tax and National Insurance (NI) in May 2026.

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Time for a new leader – How can businesses preserve value when there is a change at the top?

June 23, 2026 Comments Off on Time for a new leader – How can businesses preserve value when there is a change at the top? By Vale & West

There are plenty of reasons why a new leader might be needed, whatever kind of business or institution you operate.

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Late payments reform: Welcome change, but is it fast enough?

June 18, 2026 Comments Off on Late payments reform: Welcome change, but is it fast enough? By Vale & West

Late payments are draining £11 billion a year from the UK economy, according to new research from online accounting platform Sage.

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