Autumn Statement 2022 On 17 November 2022, the government undertook the third fiscal statement in as many months, against a backdrop of rising inflation and economic recession. The Chancellor laid out three core priorities of stability, growth and public services. The...
Background In 2022, Hawsons Corporate Finance had the pleasure of supporting Specialised Movers Limited (“SML”), a well-established storage and removals company, based in Sheffield, during their transition to Employee Ownership. SML was not previously a client of...
The Chancellor of the Exchequer Jeremy Hunt will deliver his Autumn Statement on Thursday 17th November 2022. This is postponed from the previously planned date of Monday 31 October 2022. What time is the Autumn Statement? The Autumn Statement will be...
Charity employees and trustees often assume that they receive an automatic VAT exemption on all goods and services that they buy/receive. This is not the case and charities should understand the few concessions in the VAT legislation that can reduce their VAT bills....
The Hawsons Corporate Finance team acted as lead advisors for Essential Recruitment’s move to employee ownership. Essential Recruitment specialise in the supply of temporary and permanent staff to industry and commence. The company was founded in 2006 and now operates...
Tired of administrative tax and accounting burdens? By combining our in-house expertise Hawsons can provide businesses with an all-around tax and financial reporting service. Hawsons are part of a global network of independent accountancy firms called HLB...
The new Chancellor Jeremy Hunt has reversed many of the tax cuts announced by his predecessor, Kwasi Kwarteng, just last month in the Mini-Budget. We have summarised the key changes below. Corporation Tax The planned increase to corporation tax, from 19% to...
The voluntary ‘scheme pays’ deadline for GPs to claim the NHS pension scheme support with their pension taxes has been extended until March 2023. The original deadline to claim for the 2020/21 tax year was 31 July 2022. Under the current NHS pension scheme, the...
Chancellor brings forward further medium-term fiscal plan measures As the saying goes, a week is a long time in politics. However, recent events have been unprecedented. At the Mini Budget a new Prime Minister and Chancellor launched a new agenda, ‘The Growth Plan’....
Following the recent appointment of the new Prime Minister, Liz Truss. There has been a cabinet reshuffle with Kwasi Kwarteng appointed Chancellor. Following his appointment, the new Chancellor announced a ‘Mini-budget’ which took place this morning. This was one of...
The Government has released draft legislation which will ease the tax rules for many divorcing couples from April 2023. The changes follow recommendations made by the Office of Tax Simplification (OTS) in May 2021. What are the proposed changes to tax rules...
Filing VAT returns Businesses must file their VAT returns using functional compatible software. Most businesses are doing this successfully, but those who do not may be charged a £400 penalty for each VAT return filed. Keeping records digitally Businesses must also...