Latest News
The latest news from Hawsons Chartered Accountants
Hawsons lead in the sale of Dr Anderson Lodge Care Home
Hawsons Chartered Accountants are pleased to announce that they have completed the sale of Dr Anderson Lodge care home in Doncaster. The home provides elderly nursing and dementia care to 60 service users. Hawsons have a dedicated team of specialist healthcare...
HMRC reminder to employees to claim their tax deductible expenses
HMRC is reminding employees that they may be able to claim a tax rebate on their work related expenses. HMRC estimate that millions of employees, particularly those working in the service industry, could be entitled to a tax refund. Workers, including nurses,...
How will Brexit affect the rail supply sector?
The rail supply sector is a significant contributor to the UK economy worth around £36 billion each year to our national P&L account. With around 600,000 people being employed in the sector, a tax yield to the Treasury in the region of £11billion a year, and...
Self assessment deadline approaching
The deadline for submitting your 2017/18 self-assessment return is 31 January 2019. The deadline applies to taxpayers who need to complete a tax return and make direct payments to HMRC in respect of their income tax, Classes 2 and 4 National Insurance Contributions...
Private Residence Relief: Budget 2018
Chancellor Phillip Hammond announced in his Autumn Budget 2018 that from April 2020, the rules surrounding private residence relief will be tightened. Private Residence Relief (PRR) protects taxpayers from capital gains tax (CGT) when selling their main home. There...
Structures and Buildings Allowance: Budget 2018
For many years, although there have been capital allowances for plant and machinery that forms an integral part of buildings, there has been no tax relief for the costs of constructing most structures and buildings themselves in the UK. The Government has announced...
Lords call for a delay to Making Tax Digital for VAT until 2020
The House of Lords Economic Affairs Committee have issued a scathing report on HMRC’s Making Tax Digital (“MTD”) for VAT program. The committee have voiced disappointment that on many issues raised by the committee in their 2017 report HMRC had taken...
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...
Transport and Logistics 2018 Budget review and analysis
Phillip Hammond delivered his Autumn Budget on the 29th October 2018 which included a number of measures that affect the Transport & Logistics sector. In this article, we take an overview of some of these measures and apply them to areas of this...
