The Government has confirmed further changes to Agricultural Property Relief (APR) and Business Property Relief (BPR) following the November Budget. These updates will be included in the Finance Bill next month and will affect Inheritance Tax planning for farmers and...
The Chancellor has announced a new one-off top-up grant which will be available for businesses in the retail, hospitality, and leisure sectors. The grants will be worth up to £9,000 per property. This grant is available on top of business rates relief and the furlough...
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...
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 distinction between employed and self-employed...
Tax-Free Childcare scheme HMRC have announced details of the new Tax-Free childcare scheme which is to be introduced in 2017. The scheme is expected to be available to around 2 million households. To qualify To be eligible, families will have to have all parents in...
Brexit: tax implications as the UK votes to leave the EU From the argument over selling bendy bananas to the threat of an emergency Budget, the EU referendum campaign has undoubtedly had its share of the headlines over the past couple of months. The biggest headline...
Are you ready for the forthcoming PAYE and employment tax changes? There are some very important changes to PAYE and employment tax rules due to come into effect from April 2016. It is important that as an employer you are aware of these changes and, if necessary,...
Owning a property vis a company - big tax changes Last month, at the annual HLB International Audit & Tax Conference in Amsterdam, I spoke to member firms about the current real estate developments in the UK from a tax perspective. There have been some big...
National Living Wage - The impact on small businesses The government has announced the introduction of a new National Living Wage (NLW) for working people aged 25 years and above. The NLW is effectively another higher age band of the National Minimum Wage (NMW)....
Tax Rates and Allowances 2015/16 Many of the tax rates and allowances are fundamental to our business and personal lives and the main ones for the 2015/16 tax year are summarised here. We are sure that you will find it a useful point of reference throughout the coming...