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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Inside this Budget: The Autumn Budget 2026 addresses fiscal challenges through targeted tax increases, while also providing support for low-income households and smaller businesses

To view the full Autumn Budget Report, please click the link in our bio.

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Inside this Budget: The Autumn Budget 2026 addresses fiscal challenges through targeted tax increases, while also providing support for low-income households and smaller businessesTo view the full Autumn Budget Report, please click the link in our bio.

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Tenancy deposit reforms proposed as government plans move to custodial-only protection schemeLandlords could soon be required to place all tenancy deposits into an independent custodial protection scheme under government proposals aimed at strengthening tenant protections across the private rented sector.Read the full article by clicking the link in our bio.

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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.

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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.

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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
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📌 An update on the changes to FRS 102
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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/

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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.

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