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The latest news from Hawsons Chartered Accountants
Housing experts predict Brexit would cause house prices to fall
A poll conducted by Reuters has found that housing experts predict that Britain’s property market will suffer with average prices dropping by around 3% nationally if we leave the EU without a deal. 85% of housing experts in the poll say that this drop could last for...
Charity tax improvements might unlock more people giving to charity
According to a new report from the Charity Tax Commission led by the former chairman of the Inland Revenue (Sir Nicholas Montagu), tax reliefs offered to UK charities are in urgent need of an overhaul. The new proposal aims to ensure that charities increase their...
Charities warned to prepare for no-deal Brexit
The National Council for Voluntary Organisations (NVCO) are urging the new minister for civil society to make sure charities are not ignored and receive the funding they need to prepare for a no-deal Brexit. After the recent decision to prorogue parliament was made at...
Domestic reserve charge for construction services to be delayed
The domestic reserve charge was supposed to come into action on 1 October 2019. However, representatives from the construction industry have raised concerns that some companies are not ready for the changes. Therefore, the government have decided to delay this for 12...
Charities Aid Foundation gave £646m to charities in 2018/19
Charities Aid Foundation gave a record £646m to charities in 2018/19 The latest figures show that the Charities Aid Foundation (CAF) gave £141m more to charities than last year, a 25% increase from 2017/18. Donations in the American Donor fund increased by 23% to...
Official figures show that property sales fell in July
Official figures show that property sales fell in July Sales of residential properties have reduced significantly in the UK. There was a reduction of 8.5% between June and July, and a year on year decline of 12.4% (Official Data). HMRC’s data shows that there were...
Britains legal industry brace for a no deal Brexit
Britain’s legal Industry brace for a no deal Brexit The UK is currently the second largest provider of legal services in the world and number one in Europe. But if a no deal Brexit goes ahead the future could be a lot less certain for Britain’s legal industry....
Government announce £30m R&D funding to help manufacturers
Government Announce New £30m R&D Funding to Help Manufacturers go Digital. Manufacturers are looking into digital technologies as a way of upgrading their productivity and competitiveness, and can now bid for a new layer of government funding. In what was one of...
Credit Where Credit’s Due
CREDIT WHERE CREDIT’S DUE This note explains HMRC’s new rules from 1 September 2019 for adjustments to VAT following increases or reductions in the price of goods or services. Reason for the change There is evidence that some businesses are trying to use the current...
