Latest News
The latest news from Hawsons Chartered Accountants
How will the VAT reverse charge for construction work?
A domestic reverse charge will be introduced from 1 October 2019 to tackle VAT fraud in the construction industry. Tony Nickson, VAT Consultant at Hawsons, explains what this will mean for businesses. What is a reverse charge? In a nutshell the reverse charge is where...
State-backed indemnity scheme launched to save GPs thousands.
From 1 April 2019, GPs will pay 80-90% less for their medico-legal cover due to a new state-backed indemnity scheme. The scheme for GPs will cover all future clinical negligence claims for NHS work, however GPs will still need to maintain cover for work that falls...
Hawsons year end tax planning ideas
The tax system is undoubtedly complex, but this complexity shouldn’t deter you from keeping your taxes as low as possible, as well as maximising your net income. In this article, we look at pre 5th April tax planning opportunities that are available to avoid any...
Spring Statement 2019
Amidst all the Brexit debates, the Chancellor Philip Hammond presented his second Spring Statement on Wednesday 13 March 2019. In his speech the Chancellor provided an update on the economy and responded to the Office for Budget Responsibility forecasts. In addition...
HMRC sets out rules for postponed VAT accounting if no deal Brexit
HMRC has confirmed that in the event of a no-deal Brexit, from 11pm on 29 March 2019, businesses registered for VAT in the UK will be able to account for import VAT on their VAT return rather than pay when, or soon after, the goods arrive at the UK border. This will...
Top 10 Errors at VAT Inspections
VAT inspections used to be a fairly regular occurrence for VAT registered business owners and were often viewed as a terrifying and potentially costly experience. Whilst the regularity of VAT inspections has decreased significantly over the past 5 to 10 years, due to...
New Corporation Tax Payment Dates
New Corporation Tax Payment Dates In the summer Budget 2015, the government announced that it will be introducing new corporation tax (CT) payment dates. These new dates will come into effect for accounting periods beginning or after 1 April 2019 and will accelerate...
Press Release: CTW Hardfacing Management Buy-Out
CTW Hardfacing Limited, based in Sheffield, has undergone a multi-million-pound management buyout from its former owner, the past Master Cutler, Ken Cooke. The transaction was led by Hawsons Corporate Finance. Established in 1972, CTW Hardfacing Limited are leaders...
Changes to the SRA handbook
The SRA is introducing a new handbook which includes the new code of conduct that will come into effect at some point in 2019, although the exact date still remains unconfirmed. In 2011, the launch of the SRA handbook welcomed some changes that altered the legal...
