VAT news
Autumn Budget Summary 2025
sac@hawsons.co.uk aaronhemmington@hawsons.co.uk Autumn Budget 2025 SummaryChancellor of the Exchequer Rachel Reeves set out tax-raising measures worth up to £26 billion in the Autumn Budget on 26 November 2025. The increases will be achieved through a range of...
Spring Statement 2025
Spring Statement 2025 SummaryChancellor of the Exchequer, Rachel Reeves, held the Spring Statement on Wednesday 26 March 2025. In the run up to the event, the Chancellor stated that she ‘remains committed to one major fiscal event a year to give families and...
Importing Classic Cars and Aircraft – 5% VAT and no Import Duty
Following Brexit, it is becoming more expensive to import classic cars and aircraft from the European Union. Importing them from outside of the EU has always been subject to VAT. For older classics did you know that you can get a reduced VAT rate of 5% and no import...
Spring Budget 2024 Summary
Spring Budget 2024 Summary Chancellor Jeremy Hunt delivered his ‘Budget for Long Term Growth’ on Wednesday 6 March 2024. His speech promised ‘more investment, more jobs, better public services and lower taxes’. Lowering taxes The Chancellor made further changes to...
Spring Budget 2024 – Key Tax Announcements
Today, Chancellor Jeremy Hunt announced his 2024 Spring Budget where he summarised the UK economic performance and announced his proposals for tax. We highlight below some of the key tax changes announced. National Insurance Contributions cut From April 2024,...
Tax Rates and Allowances 2023/24
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...