HMRC has published new advisory fuel rates for company car users which take effect from 1 December 2024. The rates have decreased by 1p per mile for petrol and diesel engine cars. Whilst rates for LPG and electric mileage remains unchanged. HMRC reviews the advisory...
Since opening its doors in 1999, Kingsway Mortgages Limited (“the Company”) has gone from strength to strength, delivering mortgage advice and education to thousands of homeowners within London and the surrounding areas. With an in-depth knowledge of the market and a...
Hawsons Corporate Finance had the pleasure of supporting Lindway Scaffolding Limited (“Lindway”), a family run scaffolding company, during its transition to Employee Ownership. The company, based in Chesterfield, and mostly serving the East Midlands and South...
Today, Chancellor Rachel Reeves announced her 2024 Spring Budget where she summarised the UK economic performance and announced her proposals for tax. In this budget, the chancellor announced that she will raise taxes by £40bn to increase government funding. In this...
Hawsons Corporate Finance had the pleasure of supporting Home Utility Group Limited (“HUG”), a well-established heating, ventilation and air conditioning (“HVAC”) systems distributor and installer, during its transition to Employee Ownership. About Home Utility...
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...
If you own a furnished holiday property, you may wish to consider taking action before 5 April 2025. In the Spring Budget, it was announced that the Furnished Holiday Let Regime will be abolished and draft legislation has now been published, which has provided some...
It may be tempting to put off preparing your self-assessment tax return until later in the year. However, there are many benefits of submitting your tax return early and keeping on top of your tax affairs. Peace of mind Christmas can be a very busy time of year so...
Private school fees will no longer be exempt from VAT from 1 January 2025. Anti-forestalling provisions will be in place from 29 July until 30 October 2024. This means that any pre-paid fees paid for the first term of the school year will continue be exempt from VAT...
Chancellor Rachel Reeves has announced that she will deliver her Autumn Budget on Wednesday 30th October. This will be Rachel Reeves’ first Budget as Chancellor. It should also provide an insight into what direction the new Labour government will take on tax policy....
As tax thresholds remain unchanged, the number of taxpayers paying the additional rate will exceed 1 million for the first time. Tax revenue and increasing burden This year, HMRC is projected to collect £63.2 billion in income tax, contributing to a total of £272.6...
This article serves as an introduction to the fundamentals of cash flow management. If you need any support regarding your cash flow management or anything else, then please do get in touch. What is cash flow? Cash flow or cash flows is typically defined as the...