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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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HMRC introduces targeted advance assurance service for R&D claims

From 18 May 2026 onwards, HMRC will now have two types of advance assurance for R&D claims. With R&D claims being more closely scrutinised by HMRC this can prove to be a very useful tool for some companies, as they will have clarity whether their R&D claim will be approved by HMRC or not prior to submission.

Click the link in our bio to read the full article

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Open post by hwbaccountants with ID 18060032516745974
HMRC introduces targeted advance assurance service for R&D claimsFrom 18 May 2026 onwards, HMRC will now have two types of advance assurance for R&D claims. With R&D claims being more closely scrutinised by HMRC this can prove to be a very useful tool for some companies, as they will have clarity whether their R&D claim will be approved by HMRC or not prior to submission.Click the link in our bio to read the full article

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We`re delighted to launch our new online Payroll Calculator, designed to give you a fast, accurate estimate tailored to your business in just a few minutes.

If you`re interested in finding out how much outsourced payroll could cost you (with no obligation!) please visit our website: https://www.hwb-accountants.com/services/payroll/#quote

✅ Get an instant personal proposal
✅ Clear, transparent pricing with no hidden fees
✅ Tailored to your workforce and payroll requirements
✅ Compare costs and see the value of outsourcing
✅ Simple, stress-free and easy to use

Whether you`re looking to save time, reduce administrative burden, or ensure payroll is managed accurately and efficiently, our calculator provides a quick and convenient way to understand your options and the associated costs.

Take the stress out of payroll and discover the right solution for your business today.

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Open post by hwbaccountants with ID 18398138269095761
We're delighted to launch our new online Payroll Calculator, designed to give you a fast, accurate estimate tailored to your business in just a few minutes.If you're interested in finding out how much outsourced payroll could cost you (with no obligation!) please visit our website: https://www.hwb-accountants.com/services/payroll/#quote✅ Get an instant personal proposal ✅ Clear, transparent pricing with no hidden fees ✅ Tailored to your workforce and payroll requirements ✅ Compare costs and see the value of outsourcing ✅ Simple, stress-free and easy to useWhether you're looking to save time, reduce administrative burden, or ensure payroll is managed accurately and efficiently, our calculator provides a quick and convenient way to understand your options and the associated costs.Take the stress out of payroll and discover the right solution for your business today.

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Pillar Two reporting

HMRC has now fully enacted the Organisation for Economic Co-operation and Development (OECD) Pillar Two global minimum corporate tax rules. These rules are intended to ensure that large multinational enterprises pay a minimum level of tax across the jurisdictions in which they operate.

Read the full article here: https://www.hwb-accountants.com/hmrc-introduces-targeted-advance-assurance-service-for-rd-claims?utm_source=HWB+Audience&utm_medium=email&utm_campaign=6e7f0ed836-EMAIL_CAMPAIGN_2025_07_29_10_55_COPY_01&utm_term=0_-23b59ac81e-

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Open post by hwbaccountants with ID 18160331038474151
Pillar Two reportingHMRC has now fully enacted the Organisation for Economic Co-operation and Development (OECD) Pillar Two global minimum corporate tax rules. These rules are intended to ensure that large multinational enterprises pay a minimum level of tax across the jurisdictions in which they operate.Read the full article here: https://www.hwb-accountants.com/hmrc-introduces-targeted-advance-assurance-service-for-rd-claims?utm_source=HWB+Audience&utm_medium=email&utm_campaign=6e7f0ed836-EMAIL_CAMPAIGN_2025_07_29_10_55_COPY_01&utm_term=0_-23b59ac81e-

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Pillar Two reporting

HMRC has now fully enacted the Organisation for Economic Co-operation and Development (OECD) Pillar Two global minimum corporate tax rules. These rules are intended to ensure that large multinational enterprises pay a minimum level of tax across the jurisdictions in which they operate.

To read the full article follow this link: https://www.hwb-accountants.com/pillar-two-reporting

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Open post by hwbaccountants with ID 17982849986861999
Pillar Two reportingHMRC has now fully enacted the Organisation for Economic Co-operation and Development (OECD) Pillar Two global minimum corporate tax rules. These rules are intended to ensure that large multinational enterprises pay a minimum level of tax across the jurisdictions in which they operate.To read the full article follow this link: https://www.hwb-accountants.com/pillar-two-reporting

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UK tax take nears £1 trillion – what it means for you

The UK’s tax burden continues to climb, with the latest figures showing HMRC collected £938.8 billion in 2025–26 a substantial 9.3% increase on the previous year.

To read the full article follow this link: https://www.hwb-accountants.com/uk-tax-take-nears-1-trillion-what-it-means-for-you

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Open post by hwbaccountants with ID 18012721949730943
UK tax take nears £1 trillion – what it means for youThe UK’s tax burden continues to climb, with the latest figures showing HMRC collected £938.8 billion in 2025–26 a substantial 9.3% increase on the previous year.To read the full article follow this link: https://www.hwb-accountants.com/uk-tax-take-nears-1-trillion-what-it-means-for-you

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Valuing your business: what buyers look for and what you can do about it

If you are thinking about selling your business, whether that is in six months or six years, one of the first questions you will probably ask yourself is “what’s it worth?”

To read the full article follow this link:https://www.hwb-accountants.com/valuing-your-business-what-buyers-look-for-and-what-you-can-do-about-it

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Open post by hwbaccountants with ID 18139421404576069
Valuing your business: what buyers look for and what you can do about itIf you are thinking about selling your business, whether that is in six months or six years, one of the first questions you will probably ask yourself is “what’s it worth?”To read the full article follow this link:https://www.hwb-accountants.com/valuing-your-business-what-buyers-look-for-and-what-you-can-do-about-it

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Construction Industry Scheme (CIS) update: Monthly nil returns from April 2026

From April 2026, significant changes to the Construction Industry Scheme (CIS) will come into effect, impacting contractors who are currently registered but not actively making payments to subcontractors.

To read the full article follow this link: https://www.hwb-accountants.com/construction-industry-scheme-cis-update-monthly-nil-returns-from-april-2026

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Open post by hwbaccountants with ID 18190928383388856
Construction Industry Scheme (CIS) update: Monthly nil returns from April 2026From April 2026, significant changes to the Construction Industry Scheme (CIS) will come into effect, impacting contractors who are currently registered but not actively making payments to subcontractors.To read the full article follow this link: https://www.hwb-accountants.com/construction-industry-scheme-cis-update-monthly-nil-returns-from-april-2026

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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.

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Open post by hwbaccountants with ID 17917974855365396
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.

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