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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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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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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 💛

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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.

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

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New reporting requirement on supplier payment practicesLarge UK companies and groups will soon need to provide more information about how quickly they pay suppliers.Read 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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VAT - Capital Goods Scheme threshold increasedLegislation has now been passed to increase the VAT Capital Goods Scheme (CGS) threshold from £250,000 to £600,000 plus VAT. Although the measure was originally announced in April 2025, the change applies only to transactions taking place on or after 29 July 2026.Read the full article by clicking the link in our bio.

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Steven Martin recently attended the Dorset Chamber breakfast at Rick Stein, Sandbanks.It was encouraging to hear from Frank Prior and Kerry Houston-Kypta of Paris Smith about the positive outlook for the local region, alongside a captivating talk from Alice Plunkett, British equestrian and sports journalist.As always, a fantastic venue in Sandbanks and a great opportunity to reconnect with existing contacts, meet new faces, and strengthen relationships across the business community.

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