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...
Budget 2020 Summary

Budget 2020 Summary

Budget 2020 The Chancellor Rishi Sunak presented his first Budget on Wednesday 11 March 2020. In his speech he stated ‘we are at the beginning of a new era in this country. We have the freedom and the resources to decide our own future’. ‘It is a...
Budget 2020: Predictions

Budget 2020: Predictions

Budget 2020: Predictions Rishi Sunak will deliver the 2020 Budget on Wednesday 11 March.  But what can we expect when the Chancellor opens his red box? Craig Walker, a tax specialist at Hawsons, gazes into his crystal ball: With a substantial majority, the government...
VAT – Post 31 January 2020

VAT – Post 31 January 2020

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 paper work and process.  From 1 January 2021 – the UK will have imports and exports of goods (to EU countries)...

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