Manufacturing News

Manufacturers and engineers need a high level of technical expertise and skill - so do their accountants
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...

Hawsons are here to help COVID-19

Hawsons are here to help COVID-19

During this difficult time Hawsons are here to help and support their clients as best they can The Government has announced new measures to help businesses through this difficult time. The first being the tax helpline to support businesses affected by coronavirus. If...

Bank of England Update for Businesses and Households

Bank of England Update for Businesses and Households

Bank of England Update for Businesses and Households During this difficult time for businesses and households the Bank of England have put together a list of sites where you can find the latest updates from the Government. The following has been circulated by the bank...

Is the UK falling behind in developing automation and robotics?

Is the UK falling behind in developing automation and robotics?

Is the UK falling behind in developing automation and robotics? The First Industrial Revolution was led by the UK in 1760 and yet there are serious concerns that the UK is falling behind other countries. This was the conclusion to a report conducted by the House of...

Shutdown of car plants hits UK production around Brexit deadline

Shutdown of car plants hits UK production around Brexit deadline

Shutdown of car plants hits UK production around Brexit deadline Car manufacturing declined in November as many car plants slowed down their production due to the previously expected Brexit date of 31 October. If you compare the statistics to November 2018 car output...

UK manufacturing job losses are at highest level in seven years

UK manufacturing job losses are at highest level in seven years

UK manufacturing job losses are at highest level in seven years  The UK manufacturing industry cut jobs at their highest ever rate in November, more than any other month in the past seven years. According to data from HIS Markit/CIPS Purchasing Manager’ Index (PMI)...

Hawsons makes history after 165 years in business

Hawsons Chartered Accountants is 165 years old Hawsons Chartered Accountants was founded in the city of Sheffield in 1854 – more than 25 years before the creation of the Institute of Chartered Accountants in England and Wales – by Alfred Allott and John Hewett....

The Election Result: What are the tax implications?

The Election Result: What are the tax implications?

Tax implications of the Election Result The general election has ended and the Conservatives have secured a large majority winning 365 seats. What does this mean for tax?  How will the election result affect you or your business? Tax expert Craig Walker provides a...

Manufacturing orders increase after no deal brexit avoided

Manufacturing orders increase after no deal brexit avoided

Manufacturing orders increase after no-deal brexit avoided A survey conducted by the Confederations of British Industry (CBI) shows that there has been an increase in orders for British manufacturers during November, although this was against a backdrop of near decade...

September car sale figures extends industry gloom

September car sale figures extends industry gloom

The optimism that there would be a huge growth in UK car sales in September have been halted, as more concerns are being spread about the industries financial health. The industry had been hoping for double-digit growth from last September, but sales only rose by 1.3%...

Government announce £30m R&D funding to help manufacturers

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...

The Apprenticeship Levy Must be Changed

The Apprenticeship Levy Must be Changed

95% of manufacturers strongly believe that the Apprenticeship Levy needs to be altered to an employer-led system. Employers from the manufacturing industry are asking the government for an immediate rethink into the Apprenticeship Levy. This is to make access to...

A Decline in Manufacturing Output

A Decline in Manufacturing Output

According to the latest CBI (the Confederation of British Industry) Industrial Trends Survey, manufacturing output has decreased to a standstill in the three months leading up to June 2019. The total number of orders submitted in the manufacturing books...

Political uncertainty sees manufacturing investments decline

Political uncertainty sees manufacturing investments decline

Surveys show that Britain’s manufacturers are no longer investing the amount they were in previous years in response to the growing political uncertainty and rising fears of the impact of global trade tensions. The annual EEF/ Santander Investment Monitor shows that...

Making Tax Digital and VAT: are you ready?

Making Tax Digital and VAT: are you ready?

Making Tax Digital VAT: are you ready? Making Tax Digital (MTD) will commence in April 2019 under the current Government timetable.  Initially this will only be for VAT purposes, with the wider roll out of MTD having been delayed until the system has been shown to...

Tax Rates 2018/2019

Tax Rates 2018/2019

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.   The cost of...

What businesses need to know about the new GDPR

What businesses need to know about the new GDPR

What businesses need to know about new GDPR The General Data Protection Regulation (GDPR) is set to come into force from May 2018. It will replace the current Data Protection Act and is the biggest overhaul of data protection legislation for over 25 years. GDPR will...

Input Tax – Beware of the pitfalls!

Input Tax – Beware of the pitfalls!

VAT expert Tony Nickson outlines the pitfalls to avoid when reclaiming input VAT. 1. Reclaims for purchases made before VAT registration It is important to ensure that the maximum amount of input VAT is reclaimed on your business expenditure. This includes input tax...

R&D tax incentives – don’t miss out!

R&D tax incentives – don’t miss out!

R&D tax incentives - don't miss out! Research and Development (R&D) tax incentives can provide additional tax deductions and enhanced cash flow for companies that develop new products, processes or services. Although widely available, many companies wrongly...

Boeing to open new manufacturing factory in Sheffield

Boeing to open new manufacturing factory in Sheffield

Boeing to open new manufacturing factory in Sheffield It was recently announced that Boeing are to open a new factory, and the first in Europe, in Sheffield, and will be built alongside the University of Sheffield's Advanced Manufacturing Research Centre (AMRC)....

The Election result: What are the tax implications?

The Election result: What are the tax implications?

The Election result: What are the tax implications? The general election has ended in a hung parliament – the Conservative party have the most seats but do not have an overall majority. Theresa May has announced that she will form a government with the support of the...

Five ways technology could improve a small business

Five ways technology could improve a small business

Five ways technology could improve a small business  For small businesses, keeping up with all the latest technology can be a difficult task with the speed it moves at. From embracing augmented reality; to making use of 3D printing, we take a look at five ways...

Business rates increase 2017/18

Business rates increase 2017/18

Business rates increase 2017/18 As of 1st April 2017 business rates have increased. In this article we will discuss what business rates are, what has changed, what the government announced in the Budget in order to ease the strain of the increase and whether you can...

UK workers at risk as AI and robotic technology advances

UK workers at risk as AI and robotic technology advances

UK workers at risk as AI and robotic technolgy advances Millions of UK workers - mainly those who work in retail and wholesale - are at risk from breakthroughs in AI and robotics, a recent report finds. In the next 15 years, 10 million or more UK workers could be at...

Manufacturing 2017 Budget review and analysis

Manufacturing 2017 Budget review and analysis

Manufacturing 2017 Budget review and analysis The Chancellor Philip Hammond presented the last Spring Budget on Wednesday 8 March 2017. In his speech the Chancellor was keen to point out that he wanted the tax system to be fair, particularly in relation to the...

Renewable Energy

Renewable Energy

Anaerobic Digestion (AD): Biogas Renewables have grown rapidly in the last 10 years, mainly because of public financial support. However, the cost to the Exchequer has seen support levels cut over the past few years. Actual renewable energy was 8.3% in 2015 compared...

Small business 2017 Budget review and analysis for SMEs

Small business 2017 Budget review and analysis for SMEs

Small business 2017 Budget review and analysis for SMEs The Chancellor Philip Hammond presented the last Spring Budget on Wednesday 8 March 2017. In his speech the Chancellor was keen to point out that he wanted the tax system to be fair, particularly in relation to...

Apprenticeship Levy: Not long to go

Apprenticeship Levy: Not long to go

The new Apprenticeship Levy will be launched in April 2017. We look at what this is and who will be affected by the government's new levy. What is the Apprenticeship Levy? First of all, only employers with a wage bill of over £3m will be affected by the Apprenticeship...

Tax Rates and Allowances 2017/18

Tax Rates and Allowances 2017/18

Tax Rates and Allowances 2017/18 Many of the tax rates and allowances are fundamental to our business and personal lives and the most important ones for the 2017/18 tax year are summarised here. We are sure that you will find it a useful point of reference throughout...

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