Sky
New Forest

25/10/2022

Zero Rating of Face Masks

HMRC have issued Brief 11 (2022) on 24 October 2022 to confirm that they now accept face masks that are designed for children under age 14 will qualify as an item of clothing and will therefore fall to be zero rated.

The Revenue are updating their general guide into the zero rating of children's clothing, Notice 714, to reflect this change of view.

As this is not a change of law, but simply a change of HMRC interpretation, it is open to academies that have charged VAT on the sale of face masks to make an error correction, subject to the usual time limits.

 

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New service charge reporting rules for commercial property from 2026

Landlords, managing agents and property managers should prepare for significant changes to the reporting of commercial property service charges as updated guidance from the ICAEW and Royal Institution of Chartered Surveyors (RICS) comes into effect for service charge periods commencing from 1 January 2026.

Read the full article here: https://www.hwb-accountants.com/new-service-charge-reporting-rules-for-commercial-property-from-2026

Read the full article by clicking the link in our bio.

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New service charge reporting rules for commercial property from 2026Landlords, managing agents and property managers should prepare for significant changes to the reporting of commercial property service charges as updated guidance from the ICAEW and Royal Institution of Chartered Surveyors (RICS) comes into effect for service charge periods commencing from 1 January 2026.Read the full article here: https://www.hwb-accountants.com/new-service-charge-reporting-rules-for-commercial-property-from-2026Read the full article by clicking the link in our bio.

Renters’ Rights Act: What the reforms mean for landlords

The Renters’ Rights Act represents the biggest overhaul of the private rented sector (PRS) in a generation, bringing significant changes for landlords while introducing new measures designed to improve security, fairness and standards for tenants.

Read the full article by clicking the link in our bio.

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Renters’ Rights Act: What the reforms mean for landlordsThe Renters’ Rights Act represents the biggest overhaul of the private rented sector (PRS) in a generation, bringing significant changes for landlords while introducing new measures designed to improve security, fairness and standards for tenants.Read the full article by clicking the link in our bio.

Stamp Duty Land Tax relief for property traders buying from estates

Property developers and traders acquiring residential property from the estates of deceased individuals may be able to benefit from a valuable Stamp Duty Land Tax (SDLT) relief.

Read the full article by clicking the link in our bio.

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Stamp Duty Land Tax relief for property traders buying from estatesProperty developers and traders acquiring residential property from the estates of deceased individuals may be able to benefit from a valuable Stamp Duty Land Tax (SDLT) relief.Read the full article by clicking the link in our bio.

🍂 Our Autumn 2026 Bulletin is here!

The latest edition of the HWB Bulletin is packed with useful updates, practical advice and news from across the HWB team.

Inside this issue:

📌 Year-end tax planning tips for business owners
📌 Making Tax Digital for Income Tax and who may be exempt
📌 An update on the changes to FRS 102
📌 Inherited estates and Deeds of Variation
📌 Business planning and preparing for the future
📌 Latest HWB news, events and our continued support for Sophie’s Legacy

Whether you’re looking ahead to the end of the tax year or simply want to keep up with the latest developments, there’s plenty worth a read.

👉 Read the HWB Autumn 2026 Bulletin: link in bio

#HWBAccountants #TaxPlanning #BusinessAdvice #MakingTaxDigital #AutumnBulletin

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🍂 Our Autumn 2026 Bulletin is here!The latest edition of the HWB Bulletin is packed with useful updates, practical advice and news from across the HWB team.Inside this issue:📌 Year-end tax planning tips for business owners 📌 Making Tax Digital for Income Tax and who may be exempt 📌 An update on the changes to FRS 102 📌 Inherited estates and Deeds of Variation 📌 Business planning and preparing for the future 📌 Latest HWB news, events and our continued support for Sophie’s LegacyWhether you’re looking ahead to the end of the tax year or simply want to keep up with the latest developments, there’s plenty worth a read.👉 Read the HWB Autumn 2026 Bulletin: link in bio#HWBAccountants #TaxPlanning #BusinessAdvice #MakingTaxDigital #AutumnBulletin

STAYING INFORMED: Our Director, Tom Young had a fantastic day at the Propertymark Southampton Regional Conference held at St Mary`s stadium.

He says: “From insightful discussions on industry trends and legislation to catching up with professionals from across the sector, it was a great opportunity to learn, network, and stay informed ahead of developments shaping the property sector.”

Propertymark is the leading membership body for property agents in the UK.

At HWB Chartered Accountants we specialise in property accounting: https://www.hwb-accountants.com/specialist/property-accountants/

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STAYING INFORMED: Our Director, Tom Young had a fantastic day at the Propertymark Southampton Regional Conference held at St Mary's stadium.He says: “From insightful discussions on industry trends and legislation to catching up with professionals from across the sector, it was a great opportunity to learn, network, and stay informed ahead of developments shaping the property sector.”Propertymark is the leading membership body for property agents in the UK.At HWB Chartered Accountants we specialise in property accounting: https://www.hwb-accountants.com/specialist/property-accountants/

Leasehold property management set for major regulatory overhaul

The government has announced plans to introduce a formal regulatory framework for leasehold managing agents, marking one of the most significant changes to the sector in recent years.

Read the full article by clicking the link in our bio.

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Leasehold property management set for major regulatory overhaulThe government has announced plans to introduce a formal regulatory framework for leasehold managing agents, marking one of the most significant changes to the sector in recent years.Read the full article by clicking the link in our bio.

Directors loan accounts – Avoid the unexpected tax trap

Company owners often withdraw monies from their business that is not salary or dividends, this borrowing can be useful but if it is not managed properly tax charges will arise.

Read the full article by clicking the link in our bio.

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Directors loan accounts – Avoid the unexpected tax trap Company owners often withdraw monies from their business that is not salary or dividends, this borrowing can be useful but if it is not managed properly tax charges will arise.Read the full article by clicking the link in our bio.

New home ownership scheme aims to boost first-time buyers

The government has announced plans for a new initiative designed to help more first-time buyers onto the property ladder amid ongoing affordability challenges across the housing market.

Read the full article by clicking the link in our bio.

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New home ownership scheme aims to boost first-time buyersThe government has announced plans for a new initiative designed to help more first-time buyers onto the property ladder amid ongoing affordability challenges across the housing market.Read the full article by clicking the link in our bio.

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