Latest News
The latest news from Hawsons Chartered Accountants
ATT suggests couples ‘could be affected’ by increase in stamp duty for non-residents
The Association of Taxation Technician (ATT) has warned that a planned increase to Stamp Duty Land Tax (SDLT) for non-UK residents may affect certain couples planning to buy a home. The planned change that is outlined in a HMRC consultation, states non-UK residents...
SRA Anti-Money Laundering Review
A recent review conducted by the Solicitors Regulation Authority (SRA) found that, in the SRA’s views, a significant amount of law firms are not doing enough to prevent money laundering. The review of 59 practices did not highlight any evidence of actual money...
Research suggests ‘less than a quarter’ of UK SMEs plan to expand overseas
New research carried out by DocuSign has found that less than a quarter (22%) of small and medium-sized enterprises (SMEs) plan to expand their business beyond the UK. SMEs stated that the most significant barriers to growth include a lack of available finance, a lack...
Charity Trustees Time Off for Duties Bill
The Charity Trustees (Time Off for Duties) Bill 2017-2019 was introduced to parliament in March. This bill will allow charity trustees to take reasonable time off from their jobs to carry out the duties required of being a charity trustee. Under the existing law,...
Solicitors “SEARCH”ing For Answers
The Brabners LLP V HMRC First Tier Tribunal (FTT) case involved whether electronic, local authority search fees paid to Searchflow (a specialised online search agency) by Brabners were to be treated as disbursements paid on behalf of their clients. This had been...
Tax Rates 2019/2020
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 the UK...
Freight Transport Report: 2019
On 12 February the Government Office for Science released a report looking at the UK Freight Transport System. The objective of this study was to provide an evidence based review of the current landscape of the freight transport system in the UK and to provide some...
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...
