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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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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.

We are collecting advent calendars for @sophies_legacy to deliver to children who will be spending December in hospital.

If you would like to donate, please deliver to our office by 20 November 💛

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We are collecting advent calendars for @sophies_legacy to deliver to children who will be spending December in hospital.If you would like to donate, please deliver to our office by 20 November 💛

On Sunday, Director Matt Cooper had the pleasure of inviting @amirihomesuk to enjoy corporate hospitality at the Vitality Stadium for the AFC Bournemouth vs Sunderland fixture.

With Bournemouth securing a 2-0 victory, it was a fantastic -afternoon both on and off the pitch. We were delighted to experience the new Club 1899 and spend valuable time with our guests in such a great setting.

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On Sunday, Director Matt Cooper had the pleasure of inviting @amirihomesuk to enjoy corporate hospitality at the Vitality Stadium for the AFC Bournemouth vs Sunderland fixture.With Bournemouth securing a 2-0 victory, it was a fantastic -afternoon both on and off the pitch. We were delighted to experience the new Club 1899 and spend valuable time with our guests in such a great setting.

Landlord database set to launch from December 2026

Landlords across England will soon need to prepare for a major new regulatory requirement

Read the full article by clicking the link in our bio

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Landlord database set to launch from December 2026Landlords across England will soon need to prepare for a major new regulatory requirementRead the full article by clicking the link in our bio

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