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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Benefit in Kind (BiK) tax changes for company cars for the 2026–27 tax yearBiK tax changes for company cars for the 2026–27 tax year have been confirmed. These updates have now been published through government and industry sources and these changes will affect the tax collected on some benefits, particularly those operating electric or hybrid vehicles.Read the full article by clicking the link in our bio.

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Contact us at HWB today for all your accountancy and business advisory needs.
T: 023 8046 1200
E: admin@hwb-accountants.com

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Network my club event: Coming straight off the Easter break, the atmosphere at the latest event was buoyant and full of optimism for the months ahead.Director Matt Cooper enjoyed a delicious lunch and relaxed networking which entailed both first time visitors and familiar faces,The content session took the form of an engaging Q&A with Matt Mullins, Director of Action Coach Portsmouth and Chichester, he introduced the Action Coach business coaching model and explained how the ABOS Framework helps business owners set clear goals and stay focused on growth.A great afternoon of insight, connection and positive momentum.Thank you to Network My Club for hostingGet in touch with HWB for all your accountancy and business advisory needs:
T:023 8046 1200
E:admin@hwb-accountants.com

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She said it was a great opportunity to enjoy practicing on the driving range while building new connections.A special thank you to Stephen Jenkins for his insightful talk on “How to Elevate Your Buying Position” – a fascinating and informative session.Thank you also to Chewton Glen for hosting another excellent and engaging event.Contact us at HWB today for all your accountancy and business advisory needs.
T: 023 8046 1200
E: admin@hwb-accountants.com

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Director, Michaela Johns was interviewed by That’s TV Solent earlier this week.  The interview can be seen on their Facebook page and the full article about student loans is on our website.

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