News
Our news covers a range of subjects, including some of the services that we offer and an update of the recent changes that have, or will take place.
Academies Accounts Direction 2025 to 2026 (AAD)
Latest Academy Newswire
Important Alert – Watch out for Unauthorised Changes of VAT records
New form for notifying HMRC of VAT errors
Zero Rating of Face Masks
Zero Rating on New School Buildings
Local Authorities to Stop Charging VAT on Sports Facilities
Update on School Uniform
Temporary Buildings – VAT Treatment
Update to HMRC VAT Notice 701/30 on Education
Update to Form VAT126
Brockenhurst College – Final Verdict – Catering
Brockenhurst College case opens VAT opportunity?
Brockenhurst College case – update
Latest Feeds
Charity Skydive for Sophie’s Legacy: On Saturday, Ben Forster and Harry Sherwood took to the skies for an incredible charity skydive in support of Sophie’s Legacy, showing real courage and commitment to a fantastic cause.
Harry completed his jump from 15,000 feet, while Ben followed from 10,000 feet—both rising to the challenge to help raise vital funds and awareness.
We’re incredibly proud of their achievement and grateful for their dedication to supporting the important work of Sophie’s Legacy.
A huge thank you as well to everyone who donated and supported their efforts. Together, they’ve raised over £1,000, making a meaningful difference.
Army Flying museum: Director, Michaela Johns, visited the Army Flying Museum at the recent Hampshire Chamber Connects event in Stockbridge.
The event was a fantastic opportunity to connect with local businesses and strengthen relationships within the regional community.
A big thank you to Hampshire Chamber of Commerce for organising and hosting such a successful event—we look forward to many more!
Pickleball: A team from HWB recently enjoyed a fantastic evening at @dinks.clubs in Chandlers Ford, coming together for a fun game of pickleball and a social catch-up.
It was great to spend time outside the office, stay active, and enjoy each other’s company – and safe to say, everyone had a brilliant evening!
Big news for payroll and expenses teams 👇
The private mileage reimbursement rate has been updated to 55p per mile (for the first 10,000 miles), reflecting rising fuel, maintenance, and overall vehicle costs. Mileage above this threshold continues at 25p per mile.
🔍 What this means for businesses:
• Review and update your expense policies if appropriate
• Adjust payroll systems for accurate processing
• Clearly communicate any changes to employees
⚠️ Important to note:
This is an advisory rate — organisations are not required to adopt 55p per mile.
• If you choose to pay less than 55p, employees may be able to claim tax relief on the difference via HMRC
• If you pay more than the advisory rate, there may be tax and NIC implications
👩💼 For employees:
• Potential to claim additional tax relief if reimbursed below the advisory rate
• Greater awareness of how mileage payments impact take-home pay
💼 Also worth noting:
Self-employed individuals using the simplified mileage method will benefit from the uplift from 45p to 55p, helping better reflect the real cost of business travel.
✅ As always, staying compliant with HMRC guidance and keeping policies under regular review is key.
We’re pleased to share that we’ve recently refurbished our car park, creating a clearer, more accessible space for visitors. The improvements ensure a smooth and stress-free arrival, with designated parking available free of charge for anyone coming to see us.
We’re committed to making every part of your visit as convenient and welcoming as possible, starting from the moment you arrive.
Contact us at HWB today for all your accountancy and business advisory needs.
T: 023 8046 1200
E: [email protected]
Space Masquerade Ball: HWB Directors Tom Young, Matt Cooper, James Flood, Gary Brown and Gemma Hedges recently attended the Space Masquerade Ball 2026, held at St Mary’s Stadium — an enjoyable evening that brought together great entertainment and fundraising.
The event featured a three-course dinner, live entertainment and auctions, all in support of Saints Foundation and Jemima’s Journey through Tree of Hope.
Contact us at HWB today for all your accountancy and business advisory needs.
T: 023 8046 1200
E: [email protected]
Transfers on divorce - What are the Capital Gains Tax implications
When a married couple/civil partnership separate, care needs to be taken to ensure that all parties are aware of the Capital Gains Tax (CGT) implications of any transfer of assets that take place between the couple. If the transfer is not arranged or timed correctly, there could be a CGT charge on assets.
Read the full article by clicking the link in our bio.
ARMOURGEDDON: We had great fun with our contacts on a tank-driving experience day at Juniper Leisure in New Alresford. It was an ideal opportunity to spend quality time together in a completely different setting.
Everyone got involved, and there was a real buzz throughout with plenty of smiles alongside some friendly competition. To round things off, we had a car-crushing challenge to crown the standout tank driver, a brilliant way to end the day and definitely a memorable highlight.
A really enjoyable experience and a great opportunity to strengthen relationships with our contacts. Looking forward to the next one!
