Vale & West Chartered Accountants Blog

Category Archives:Kathryn Cutts

Largest firms contributed £85 billion in tax last year

According to the findings of a recent survey involving 100 of the UK’s largest publicly quoted businesses, the UK’s largest firms contributed £85 billion in corporation tax last year, the ninth consecutive rise in the tax take. Read More

Business rates relief following flooding

The Government has announced immediate relief on council tax and business rates for rural businesses and farmers seriously affected by the recent flooding for at least the next three months. Read More

Business rates should be a priority for the next Government

The British Retail Consortium (BRC) is calling on the new Government to reform the business rates system, particularly for shops, as they pay a quarter of business rates, despite making up just 5 per cent of the economy. Read More

Calls to cut business rates and increase VAT

Former Chief Executive of Sainsbury’s, Justin King, is calling on the Government to halve business rates and increase VAT in a bid to rebalance competition between online and bricks-and-mortar retailers. Read More

HMRC chasing underpaid business tax

Recent research shows that HM Revenue & Customs (HMRC) has raked in a lot of extra cash for the Treasury by chasing businesses for underpaid tax, collecting an extra £9.8 billion last year. Read More

Prime Minister pledges to slash corporation tax rates

Prime Minister Boris Johnson has set out a vision of the UK as a low-tax, more lightly regulated place to do business than any other European country, in a bid to woo US and Canadian investors. Read More

Business rates bills could rise

According to recent research, firms across the UK could see their business rates uprated by 2.1 per cent in line with the expected September inflation rates. This would mean a total increase of £662.15 million across the UK, with the retail industry alone facing a £169.14 million increase. Read More

Retailers urge changes to “broken business rates system”

More than 50 of the UK’s biggest retailers have written to Chancellor Sajid Javid urging him to “fix the broken business rates system”, citing the fact that one-tenth of high street shops are now vacant, which is the highest vacancy rate since 2015. Read More

Peer calls for business tax reform

Former Treasury Minister Baroness Neville-Rolfe has described the UK’s tax system as “creaking under the weight of its complexity”, with “hundreds of complications” doubling the number of words in the tax code. Read More

PM candidate pledges to cut business rates

One of the two remaining Conservative MPs in the race to become Prime Minister has pledged to exempt hundreds of thousands of firms from business rates in a bid to save the UK’s “dying high streets”. Read More

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