Vale & West Chartered Accountants Blog

Earn extra income? HMRC urges you to file your tax return early

If you have made more than £1,000 from a side hustle last year, you might need to tell HM Revenue & Customs (HMRC), and the earlier you do it, the better.

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Is your payroll ready for sick pay reform?

The countdown is on. From April 2026, the Government will overhaul Statutory Sick Pay (SSP) as part of its Employment Rights Bill reforms.

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Are rising employee expenses killing the job market?

The job market in the UK is facing an unprecedented crisis, and there are signs that it may get worse.

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Software-only filing and more disclosures – Major changes for small companies

If you run a limited company, it is important to be aware of some major changes coming to the way company accounts are filed.

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How changing Capital Gains Tax trends could affect your financial planning

Capital Gains Tax (CGT) receipts have been on a bit of a rollercoaster over the past couple of years.

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Defeating fiscal drag with smarter financial forecasting

As all eyes watch the rate of inflation for the impact that it will have on a tumultuous economy, there is another reason to be concerned by the steady increase.

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Two sides of the tax story – National Insurance up, Capital Gains Tax down

The latest tax data for the first months of the 2025/26 tax year shows mixed trends.

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Trading or not? Why income nature matters for BADR

Business Asset Disposal Relief (BADR), formerly known as Entrepreneurs’ Relief, offers business owners a reduced Capital Gains Tax (CGT) rate on disposals of shares or assets in a trading business.

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Who is left holding the bill for the 2025 Spending Review?

Announced on 11 June 2025, the Spending Review is set to increase day-to-day spending from £517.5 billion in 2025/26 to £583.9 billion in 2028/29 and investment spending from £131.3 billion in 2025/26 to £151.9 billion in 2029/30.

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With Tax Freedom Day now in mid-June, are business owners paying more than their fair share?

For many business owners, the phrase Tax Freedom Day may sound abstract, but it is a concept that is becoming increasingly relevant.

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