Latest News

Our latest publications. Straight from the Hawsons' mouth.

How to value your road haulage business this summer

The summer vacation can be a time of reflection for the business owner. Away from the day to day demands of the office, there is chance to give an overview of how that business is performing, where it is heading over the coming years, and what that...

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What businesses need to know about the new GDPR

The General Data Protection Regulation (GDPR) is set to come into force from May 2018. It will replace the current Data Protection Act and is the biggest overhaul of data protection legislation for over 25 years. GDPR will change the way organisations...

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Inheritance Tax: The things you need to know

Inheritance tax is a tax on the estate of someone who has died, and with property prices continuing to rise along with the recent introduction of the residence nil rate band (RNRB), the number of people that will become liable for inheritance tax will only increase....

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HMRC – Shopping for undeclared VAT

Retailers – Currently there appears to be a HMRC control exercise, being undertaken across the UK, on all types of retailers.This exercise may involve an Inspector visiting the client’s premises. Please note: HMRC legislation states that the retailer MUST...

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Input Tax – Beware of the pitfalls!

VAT expert Tony Nickson outlines the pitfalls to avoid when reclaiming input VAT. 1. Reclaims for purchases made before VAT registration It is important to ensure that the maximum amount of input VAT is reclaimed on your business expenditure. This includes...

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Tax payment due 31 July – have you paid?

If you are self-employed or registered for Self-Assessment, then you may be required to make a tax payment by 31 July. This relates to the second instalment on account for the 2016/17 tax year. How do I pay? HMRC offer a number of ways to make your July...

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R&D tax incentives – don’t miss out!

Research and Development (R&D) tax incentives can provide additional tax deductions and enhanced cash flow for companies that develop new products, processes or services. Although widely available, many companies wrongly believe they are not eligible for R&D...

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Making Tax Digital: Government delays introduction

Tax expert Craig Walker comments on the latest twist to the government’s plans for Making Tax Digital (MTD). New timetable Ministers have announced a delay to the roll out of MTD to ensure businesses have more time to adapt to the changes. Implementation...

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Boeing to open new manufacturing factory in Sheffield

It was recently announced that Boeing are to open a new factory, and the first in Europe, in Sheffield, and will be built alongside the University of Sheffield's Advanced Manufacturing Research Centre (AMRC). Boeing are to work with AMRC to develop manufacturing...

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Hauled before the Commissioner

A recent news release from the Office of the Traffic Commissioner (OTC) has highlighted the need for haulage firms to ensure they have the right working relationship with their drivers. A haulier based in Southampton was given an ultimatum by the OTC to demonstrate...

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SRA Accounts Rules – Changes on the Horizon

The SRA recently announced their response to the Accounts Rules review and consultation. In this article, we will be looking at what these changes are and what they potentially mean for you and your legal practice. Client money Originally, the very definition of...

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Rules on where solicitors can practice relaxed by SRA

In a major shake-up of regulation announced by the Solicitors Regulation Authority (SRA), solicitors will now be permitted to practice from unauthorised businesses. According to research by the Legal Services Board, the unauthorised market represents 5.5% of cases in...

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Tony Nickson joins Hawsons as VAT Consultant

Hawsons are pleased to announce that Tony Nickson has joined the firm as a VAT Consultant. Tony was formerly a VAT Officer in Customs and Excise and then Higher Officer in HMRC. After 20 years of working in the VAT office, Tony has gained a wealth of knowledge of VAT...

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Staff from Hawsons Endeavour to help!

On Friday 16 June, Hawsons staff enjoyed a day out helping the Sheffield based charity, Endeavour, by carrying out various tasks such as gardening, cleaning, stripping paint and even dismantling a canoe rack. Endeavour have been working with some of England's...

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What charities need to know about the new GDPR

The General Data Protection Regulation (GDPR) is set to come into force from in May 2018. It will replace the current Data Protection Act and is the biggest overhaul of data protection legislation for over 25 years. GDPR will change the way organisations process...

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Farmers’ Averaging: It pays to spread

The tax relief known as farmers' averaging is designed to provide tax relief for farmers who can be affected by fluctuating profits. Averaging rules were first introduced to the UK tax system in 1997. Two consecutive years can be added together and half assessed in...

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MFH Group dispose of subsidiary

June 2017 The Hawsons Corporate Finance team have worked closely with the MFH Group to successfully advise on the disposal of one of their subsidiary companies YouCan Hire. YouCan is a catering equipment and furniture hire company operating across Yorkshire and...

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The Election result: What are the tax implications?

The general election has ended in a hung parliament – the Conservative party have the most seats but do not have an overall majority. Theresa May has announced that she will form a government with the support of the Democratic Unionist Party (DUP). What does this...

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Brexit: Returning pensioners could cost NHS £500m

According to a health think tank, Brexit could cost the NHS a whopping £500m a year as British pensioners could return to the country if their right to free healthcare across Europe is withdrawn. In a report outlining the impact that leaving the EU could have on the...

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Leaving the EU could hit funding, charity leaders warn

According to a new study, over half of charity leaders believe that leaving the EU will have a negative impact on their funding opportunities, with a large number of UK charities and not-for-profit organisations having received substantial EU funding over the last...

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Agriculture General Election Special

The General Election is just around the corner, so we take a look at what some of the parties are promising in this Agriculture Election Special. The Conservative manifesto has pledged to maintain support payments at their current level until 2022, which is an extra...

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Agriculture update for UK farmers – May 2017

With Britain's agriculture sector watching Brexit closely following the triggering of Article 50, the UK also announced a snap General Election due to take place on the 8 June. The sector will be closely monitoring each parties manifesto to determine which is best for...

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Railfreight – Where are we going next?

April saw the publication of Network Rail's Freight Network Study which looked at the current state of the sector, the value of railfreight to the wider economy and identified key priorities for the future. The study recognised both the 70% increase in railfreight...

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