Agriculture News

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Tax Rates 2020/21

Tax Rates 2020/21

Introduction We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used. Personal tax rates As...

Hawsons are here to help COVID-19

Hawsons are here to help COVID-19

During this difficult time Hawsons are here to help and support their clients as best they can The Government has announced new measures to help businesses through this difficult time. The first being the tax helpline to support businesses affected by coronavirus. If...

Bank of England Update for Businesses and Households

Bank of England Update for Businesses and Households

Bank of England Update for Businesses and Households During this difficult time for businesses and households, the Bank of England has put together a list of sites where you can find the latest updates from the Government. The following has been circulated by the bank...

Hawsons makes history after 165 years in business

Hawsons Chartered Accountants is 165 years old Hawsons Chartered Accountants was founded in the city of Sheffield in 1854 – more than 25 years before the creation of the Institute of Chartered Accountants in England and Wales – by Alfred Allott and John Hewett....

The Election Result: What are the tax implications?

The Election Result: What are the tax implications?

Tax implications of the Election Result The general election has ended and the Conservatives have secured a large majority winning 365 seats. What does this mean for tax?  How will the election result affect you or your business? Tax expert Craig Walker provides a...

Making Tax Digital and VAT: are you ready?

Making Tax Digital and VAT: are you ready?

Making Tax Digital VAT: are you ready? Making Tax Digital (MTD) will commence in April 2019 under the current Government timetable.  Initially this will only be for VAT purposes, with the wider roll out of MTD having been delayed until the system has been shown to...

Tax Rates 2018/2019

Tax Rates 2018/2019

Introduction to tax rates We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used.  ...

A third of the UK’s food & farming businesses effected by Brexit

A third of the UK’s food & farming businesses effected by Brexit

Over a third of the UK's food and farming business could become "unviable" after Brexit A report by the Food and Drink Federation (FDF) has revealed that one in three of the UK’s food and farming businesses would become “unviable” without European workers – 36% of...

What businesses need to know about the new GDPR

What businesses need to know about the new GDPR

What businesses need to know about 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...

Input Tax – Beware of the pitfalls!

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 input tax...

R&D tax incentives – don’t miss out!

R&D tax incentives – don’t miss out!

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...

Farmers’ Averaging: It pays to spread

Farmers’ Averaging: It pays to spread

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...

The Election result: What are the tax implications?

The Election result: What are the tax implications?

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...

Agriculture General Election Special

Agriculture General Election Special

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...

Agriculture update for UK farmers – May 2017

Agriculture update for UK farmers – May 2017

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...

National living wage – rising wage costs for employers

National living wage – rising wage costs for employers

The National Living Wage From 1 April 2016, following the introduction of the new National Living Wage, all workers aged 25 and over are legally entitled to at least £7.20 per hour. This was, however, until the Chancellor delivered his Autumn Statement, where he...

Renewable Energy

Renewable Energy

Anaerobic Digestion (AD): Biogas Renewables have grown rapidly in the last 10 years, mainly because of public financial support. However, the cost to the Exchequer has seen support levels cut over the past few years. Actual renewable energy was 8.3% in 2015 compared...

Agriculture 2017 Budget review and analysis

Agriculture 2017 Budget review and analysis

Agriculture 2017 Budget review and analysis The Chancellor Philip Hammond presented the last Spring Budget on Wednesday 8 March 2017. In his speech the Chancellor was keen to point out that he wanted the tax system to be fair, particularly in relation to the...

Small business 2017 Budget review and analysis for SMEs

Small business 2017 Budget review and analysis for SMEs

Small business 2017 Budget review and analysis for SMEs The Chancellor Philip Hammond presented the last Spring Budget on Wednesday 8 March 2017. In his speech the Chancellor was keen to point out that he wanted the tax system to be fair, particularly in relation to...

Tax Rates and Allowances 2017/18

Tax Rates and Allowances 2017/18

Tax Rates and Allowances 2017/18 Many of the tax rates and allowances are fundamental to our business and personal lives and the most important ones for the 2017/18 tax year are summarised here. We are sure that you will find it a useful point of reference throughout...

Agriculture update for UK farmers – February 2017

Agriculture update for UK farmers – February 2017

Brexit The government White Paper (WP) on Brexit was issued on 2nd February 2017. The Governments priority is stated as securing the most open trade possible in goods and services between the UK and the EU. The WP quotes that UK exports to the EU of agriculture,...

Brexit and Agriculture: The potential choices

Brexit and Agriculture: The potential choices

Brexit and Agriculture: The potential choices  The Prime Minister has made the initial announcement about the path to Brexit. What form will Brexit take? In this article, we look at agriculture's Brexit choices. Hard Brexit: The World Trade Organisation (WTO) This...

Agriculture Autumn Statement 2016 review

Agriculture Autumn Statement 2016 review

Agriculture Autumn Statement 2016 review  Philip Hammond presented his 2016 Autumn Statement on Wednesday 23rd November. His speech set out both tax and economic measures. In this article, we summarise the key points arising from the Autumn Statement and focus on what...

The Autumn Statement 2016 predictions

The Autumn Statement 2016 predictions

The Autumn Statement 2016 predictions  The Autumn Statement 2016 on Wednesday is set to be an important event.  It will be the Chancellor’s first opportunity to outline his plans for taxes & spending in the wake of the Brexit vote. But what tax changes can we...

New polymer banknotes start circulation with £5 note

New polymer banknotes start circulation with £5 note

New polymer banknotes start circulation with £5 note The 13th September marked the first day of the brand new polymer banknotes being issued. The £5 note is the first of the banknotes to be launched in England and Wales. The polymer made banknotes are much more...

4 succession planning tips for the family farm

4 succession planning tips for the family farm

Have you thought about succession and the long-term plans for your family farm? Succession planning is all about working with your family and is an essential part of running your family farm – used to protect your assets, your business and your family. This article...

Brexit: what does it really mean for UK farming?

Brexit: what does it really mean for UK farming?

Brexit: what does it really mean for UK farming? Now Brexit is confirmed, many farmers may be thinking about how the UK’s exit from the European Union may impact them. In the lead up to the EU referendum a Farmers Weekly survey found that 58% of farmers backed an EU...

Brexit: tax implications as the UK votes to leave the EU

Brexit: tax implications as the UK votes to leave the EU

Brexit: tax implications as the UK votes to leave the EU From the argument over selling bendy bananas to the threat of an emergency Budget, the EU referendum campaign has undoubtedly had its share of the headlines over the past couple of months. The biggest headline...

£17m funding available for training in the Sheffield City Region

£17m funding available for training in the Sheffield City Region

£17m funding available for training in the Sheffield City Region  Do you know about the new Skills Bank for the Sheffield City Region? The Skills Bank is a government/LEP initiative aimed at workforce training and development in the Sheffield City Region. It is a £17m...

Agriculture update for UK farmers – May 2016

Agriculture update for UK farmers – May 2016

Welcome to our latest agriculture update for UK farmers - May 2016 Please do register for our agriculture newsletter if you would like to receive the agriculture update each month, along with our quarterly agriculture newsletter and topical sector developments. Total...