Even though the UK is leaving the EU on 31 January 2020, the transition period to 31 December 2020 means that there will be no VAT changes, in terms of paperwork and process. From 1 January 2021 – the UK will have imports and exports of goods (to EU countries) instead...
In 2015 the cost for HS2 was £56bn, but a leak from the still unpublished Oakervee report says that costs could increase by 20%. From the last estimated price for the project of between £81bn and £88bn to £106bn. This has prompted the Transport Secretary, Grant Shapps...
Business owners should be aware that Entrepreneurs’ Relief, a valuable tax relief when selling or liquidating a business, could be limited or even abolished altogether on 11 March. What is Entrepreneurs’ Relief? Entrepreneurs’ Relief applies a reduced capital gains...
CHARITIES AND VAT It is wrong to assume that Charities get special VAT treatment, however, they do benefit from VAT relief on the purchase of some goods and services. They can also get a VAT exemption on income from fundraising events as long as certain conditions are...
Corporate Finance Deal Review 2019 The Hawsons Corporate Finance team enjoyed another successful year in 2019, advising on over 20 deals with a combined deal value in excess of £90m. In recent years we have commented on the strong international theme that our work has...
The shutdown of car plants hits UK production around Brexit deadline Car manufacturing declined in November as many car plants slowed down their production due to the previously expected Brexit date of 31 October. If you compare the statistics to November 2018 car...
Minimum wage rates to rise in April The government has announced a 6.2% increase in the National Living Wage (NLW), which applies to workers aged 25 and over. From 1 April 2020 the NLW will rise from the current rate of £8.21 to £8.72 an hour, in the largest increase...
Chancellor Sajid Javid announces 2020 Budget for 11 March 2020. The Budget is the government’s annual announcement on its plans for spending and taxation for the upcoming financial year. It will be Sajid Javid’s first Budget since he became Chancellor in July 2019 and...
UK house price growth increases by over 1% for the first time in a year In the year 2019 house prices rose by 1.4% according to the Nationwide. In December it was the first time in 12 months the annual price growth had increased by more than 1%. However, the...
Even though the UK is leaving the EU on 31 January 2020, the transition period to 31 December 2020 means that there will be no VAT changes, in terms of paperwork and process. From 1 January 2021 – the UK will have imports and exports of goods (to EU countries) instead...
In 2015 the cost for HS2 was £56bn, but a leak from the still unpublished Oakervee report says that costs could increase by 20%. From the last estimated price for the project of between £81bn and £88bn to £106bn. This has prompted the Transport Secretary, Grant Shapps...
Business owners should be aware that Entrepreneurs’ Relief, a valuable tax relief when selling or liquidating a business, could be limited or even abolished altogether on 11 March. What is Entrepreneurs’ Relief? Entrepreneurs’ Relief applies a reduced capital gains...