Stephen Charles
Tax Partner, Sheffield
Stephen is a Tax Partner at the firm, specialising in corporate and business taxation as well as being captain of the Hawsons cricket team! He is a qualified chartered accountant and chartered tax adviser and has been at Hawsons since 2007, previously working at a national firm.
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Stephen’s recent articles
Stamp Duty Land Tax Holiday begins phasing out!
What changes have been made? With effect from 1st July the Stamp Duty Land Tax (SDLT) for residential property changed to the following rates: £0 - £250,000 = 0% £250,001 - £925,000 = 5% £925,001 - £1,500,000 = 10% £1,500,000 + = 12% Please note that in addition to...
Hawsons advise on sale of Pharmacy Group
Hawsons have advised the shareholders of the J M McGill Group of Pharmacies on their sale to Mr Pickford’s Pharmacies, backed by Connection Capital. The sale was part of a £14.2m transaction which sees Mr Pickford’s acquiring 14 pharmacies to add to their existing...
Making Tax Digital (MTD) for Landlords
New tax obligations from April 2023 From 6 April 2023, significant changes will be made to the Self-Assessment reporting system for landlords with gross rental income above £10,000 per tax year. Bringing landlords within the scope of MTD is part of HMRC’s plan to...
Stamp Duty Land Tax Holiday is coming to an end
In the recent Budget, it was announced that the Stamp Duty Land Tax (SDLT) holiday for residential property will come to an end on 30th September 2021. However, the Government will start to taper the rates from the end of June 2021. The current temporary nil rate band...
Property demand hits 10 year high
During March 2021 almost 162,000 sales were agreed (according to Twenty CI data). This is a 77% year-on-year increase from 2020. This figure is the highest that Twenty CI data has ever seen since they started recording data back in 2009. Since the Stamp Duty Land Tax...
Raw material prices look set to remain high
A survey conducted by the Construction Products Association (CPA) has found that price inflation for raw materials will continue to rise for the remainder of 2021. The survey found that housing is leading the economic recovery for the construction sector. But there is...
Self-Employment Income Support Scheme (SEISS) – Fourth Grant now Available to Claim
The Chancellor has announced further support for the Self-Employed, by making a fourth and fifth grant available under the Self-Employment Income Support Scheme (SEISS). The fourth grant, covering the period February to April 2021 will be worth 80% of average profits...
Two Promotions at Hawsons Doncaster office
The Partners of Hawsons are pleased to announce two new promotions at the firm’s Doncaster office. Effective from 1 April 2021 Dan Wood is promoted to Partner and James Snipe to Audit Manager. Dan WoodDan trained and qualified as a Chartered Accountant with...
Introducing the Super-deduction
What is the Super-deduction? The super-deduction is a 130% first-year capital allowance for qualifying plant and machinery assets. There is also a less generous 50% first-year allowance for assets qualifying for the special rate pool. The super-deduction will allow...
Rebrand 2021 | When better than now?
Hawsons are delighted to introduce our new rebranded logo. The sleek design fits in with the image we aim to give our clients and connections, of a professional, high-quality multi-disciplinary Accountancy and Business Advisory Firm. Our new brand incorporates our...
ATED – Can you claim annual relief on your residential property?
Annual Tax on Enveloped Dwellings (ATED) is an annual tax that requires limited companies owning UK residential properties with a value of more than £500,000 to complete an ATED return. You must complete an ATED return if your property: Is located in the UK Is a...
Fraudsters target homebuyers as UK mortgage approvals rise
Due to the government's stamp duty holiday and many people rethinking their living arrangements because of the pandemic. UK mortgage approvals have increased to the highest amount in 13 years. The Bank of England has reported that 105,000 mortgages had been approved...
Brexit Business VAT Guide
Brexit Deal – A VAT guide for businesses. The UK and EU have completed a deal so that trade can be done between the two entities without tariffs or quotas. However, further negotiations are on-going, for example in the area of services where there is currently...
Chancellor Announces Budget for 2021
Chancellor Rishi Sunak Announces Budget for 3 March 2021 The Budget is an annual announcement from the Chancellor of the Exchequer about the Government’s plans for spending and taxation for the upcoming tax year. Next year’s Budget will outline plans for the 2021/22...
Problems paying your deferred VAT due to COVID-19?
Like many businesses in the UK, you may have deferred VAT payments between 20 March and 30 June 2020. If this is your situation and you still have payments to make, then you may be interested to know that there are some options available to you. You can: pay the...