Vale & West Chartered Accountants Blog

HMRC has clarified tax rules on commuting for hybrid and remote workers

In a recent statement, HM Revenue & Customs (HMRC) has clarified travel from an employee’s home to their base office under a hybrid working arrangement does not qualify for tax relief.

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Ahead of the 6 July deadline, remember that P11D rules are changing

If you choose to offer certain benefits to your employees, then you may incur additional Class 1 National Insurance (NI) liabilities which must be reported to HM Revenue & Customs (HMRC).

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Why are business plans so important?

Many believe that business plans are only necessary for start-ups and new enterprises.

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Making MTD for ITSA easier for landlords

Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) represents a significant shift in how individuals, including landlords, must report their income and manage their tax affairs.

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Reviewing your payroll? Check what’s changed

With the new tax year underway, it’s time to review your payroll to ensure that it reflects the latest changes and updates to legislation around pay, holiday and tax. Read More

What are the benefits of using the HMRC app?

The HM Revenue & Customs (HMRC) app was launched in 2023 and has quickly become a key tool for many, with over 80 million interactions.

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Due a tax rebate? Keep an eye on your account

In a new initiative designed to reduce paper use and unnecessary confusion, HM Revenue & Customs (HMRC) has announced a significant change to the way that taxpayers are notified of a repayment.

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Plan a little, achieve a lot – Destress with effective tax planning

April marks both the start of the 2024/25 tax year and Stress Awareness Month – a coincidence not lost on those of you who are turning your attention to tax planning for the coming year.

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April Fool’s Day is passed but you could still get scammed

April Fool’s Day, a time of jokes and jests, may have been and gone… 

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Is your partnership tax-efficient?

Tax efficiency is one of the major deciding factors between different types of companies, particularly for growing businesses which need to minimise costs.

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