Author Archive Vale & West

Planning for tax changes to company cars during their lifecycle

December 18, 2024 Comments Off on Planning for tax changes to company cars during their lifecycle By Vale & West

As businesses plan their fleet strategies, recent changes announced in the Autumn Budget are set to impact the tax costs associated with company cars.  

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What does the abolition of the FHL tax regime mean for your BADR eligibility?

December 13, 2024 Comments Off on What does the abolition of the FHL tax regime mean for your BADR eligibility? By Vale & West

With the planned abolition of the Furnished Holiday Let (FHL) tax regime in April 2025, owners of FHL properties are facing changes to how their properties are taxed.  

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Understanding company van expenses for sole traders

December 11, 2024 Comments Off on Understanding company van expenses for sole traders By Vale & West

If you are a sole trader, you must consider the tax implications of owning a van for business use.  For sole traders, a van is often an indispensable tool of the trade.

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Are you prepared to spot scams this Self-Assessment season?

December 10, 2024 Comments Off on Are you prepared to spot scams this Self-Assessment season? By Vale & West

We are getting ever closer to 31 January 2025 and the Self-Assessment tax return deadline, so businesses and individuals are being urged to stay vigilant against a surge in tax-related scams.  

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Moving your business from the startup to scale-up 

December 4, 2024 Comments Off on Moving your business from the startup to scale-up  By Vale & West

Congratulations on steering your startup through the challenging early stages!  

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Government boost for SMEs ahead of Small Business Saturday 

December 4, 2024 Comments Off on Government boost for SMEs ahead of Small Business Saturday  By Vale & West

Small Business Saturday takes place this week, and this year it comes with exciting news for small business owners.  

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What Christmas perks can your employer offer tax-free? 

December 3, 2024 Comments Off on What Christmas perks can your employer offer tax-free?  By Vale & West

With Christmas just around the corner, it is time to embrace the festive season, but as a business, you will want to do so without falling foul of tax rules.  

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How the latest HMRC advisory fuel rates impact your business travel costs 

November 28, 2024 Comments Off on How the latest HMRC advisory fuel rates impact your business travel costs  By Vale & West

The HM Revenue & Customs (HMRC) advisory fuel rates, updated quarterly, play an important role in how businesses manage employee reimbursements for company car travel.  

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How to stay secure ahead of the Self-Assessment deadline  

November 27, 2024 Comments Off on How to stay secure ahead of the Self-Assessment deadline   By Vale & West

As the 31 January Self-Assessment tax return deadline approaches, HM Revenue and Customs (HMRC) has issued a stark warning about an increase in scams.  

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What does HMRC’s new benefit in kind reporting mean for your payroll system? 

November 26, 2024 Comments Off on What does HMRC’s new benefit in kind reporting mean for your payroll system?  By Vale & West

HM Revenue & Customs (HMRC) is introducing real-time reporting for benefits in kind (BiKs) starting in April 2026, meaning businesses must prepare for changes in how they manage payroll.  

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