Author Archive Vale & West

Short-term let owners to face new planning permission requirements

February 27, 2024 Comments Off on Short-term let owners to face new planning permission requirements By Vale & West

For owners of an Airbnb or other short-term let properties, new planning legislation is set to come in by Summer 2024, which could lead to new fees and penalties for non-compliance.

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Can I claim Employment Allowance for my business?

February 22, 2024 Comments Off on Can I claim Employment Allowance for my business? By Vale & West

The Employment Allowance is a means for SMEs to reduce the tax burden of employing staff at critical points in their growth and help avoid cash flow crises, via a reduction in National Insurance Contributions (NICs).

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Higher rate taxpayer? How to prepare for the end of the tax year

February 21, 2024 Comments Off on Higher rate taxpayer? How to prepare for the end of the tax year By Vale & West

The end of the financial year is coming. 5 April is crunch time for making businesses and individual estates as tax efficient as possible.

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HMRC U-turns on its double cab pickups tax decision

February 20, 2024 Comments Off on HMRC U-turns on its double cab pickups tax decision By Vale & West

HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified as cars and not vans, which would have led to higher National Insurance Contributions (NICs) for owners.

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Loophole closed: Pickups are now classed as cars (NOT vans)

February 15, 2024 Comments Off on Loophole closed: Pickups are now classed as cars (NOT vans) By Vale & West

A dispute between Coca-Cola and HM Revenue & Customs (HMRC) has closed the loophole that previously defined double-cab pickups as vans and now means they will be classed as cars.

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Five Self-Assessment deductions you didn’t know you could claim

February 14, 2024 Comments Off on Five Self-Assessment deductions you didn’t know you could claim By Vale & West

With the Self-Assessment deadline passing on 31 January, it’s clear that many sole traders and business owners aren’t using allowable expenses and deductions to their full potential.

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Starting a business: the complete checklist  

February 13, 2024 Comments Off on Starting a business: the complete checklist   By Vale & West

The UK economy is built on SMEs and innovative entrepreneurs.  

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Understanding payroll responsibilities for apprentice wages

February 8, 2024 Comments Off on Understanding payroll responsibilities for apprentice wages By Vale & West

Managing payroll effectively is crucial, especially when it involves apprenticeship wages. Employers must adhere to government regulations to avoid potential fines, penalties and disputes.

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Making Tax Digital – Your questions, answered

February 7, 2024 Comments Off on Making Tax Digital – Your questions, answered By Vale & West

Making Tax Digital (MTD) is designed to simplify the tax process for business owners.

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Investing in skills – Why SMEs should embrace apprenticeships 

February 6, 2024 Comments Off on Investing in skills – Why SMEs should embrace apprenticeships  By Vale & West

Alternative routes to employment are in the National Apprenticeship Week spotlight this week. Do you think apprenticeships are right for your business? 

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