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Why choose HGH?

Taxation

York businesses join forces to offer local community-based asset management and advisory service

Posted: 20th Oct 2020 by Clair Watmore HGH's News

Leading York-based chartered accountancy and business advisory firm, Hunter Gee Holroyd, HGH Wealth Management Limited and Mole Valley Asset Management (MVAM), have joined forces to provide a community-focused investment and business advice package to local businesses and individuals. MVAM, a relationship-based investment company who offer innovative and bespoke investment services to private clients, SMEs and… Read more

Government Winter Economy Plan

Posted: 28th Sep 2020 by Clair Watmore Blog

On Thursday 24 September the Chancellor delivered his “Winter Economy Plan”, in lieu of the Autumn Budget which has been cancelled. This is not surprising, given that it is difficult for anyone, individuals, businesses, or countries to budget at the moment. His plan was very much business focused, and the main announcements are detailed below: Job… Read more

30-day reporting of CGT on disposals of UK residential property

Posted: 24th Sep 2020 by Clair Watmore Blog

Reporting and payment of capital gains tax (CGT) on the sale or disposal of residential property were introduced by HMRC on 6 April 2020.  The CGT changes were previously reported in our blog earlier in the year. We have set out below the main points to note on 30-day reporting as a reminder. CGT reporting and… Read more

Making Tax Digital – Further measures on the way

Posted: 1st Sep 2020 by Clair Watmore Blog

The government has recently announced Making Tax Digital legislation will extend MTD to low turnover businesses and eventually to the realm of income tax. Presently, only businesses with an annual turnover in excess of £85,000 must file returns using approved software and keep a digital record of transactions. However, from April 2022, all VAT registered… Read more

Temporary reduced rate of VAT for hospitality and tourism

Posted: 21st Aug 2020 by Clair Watmore Blog

The Chancellor’s Summer Statement on 8 July was a bit of good news for some of the sectors that have been hardest hit by COVID-19.  Rishi Sunak announced that from 15 July 2020 until 12 January 2021 certain supplies of hospitality, accommodation and admission to attractions will be subject to VAT at 5% rather than… Read more

Timeline: Financial Support Schemes and Key Dates

Posted: 11th Aug 2020 by Clair Watmore Blog

Are you struggling to keep track of all the different funding schemes and Covid reliefs?  We have pulled together a handy reference guide to remind you of key dates and deadlines over the next 8 months, to ensure that you don’t miss out on any of the available reliefs. View the full Coronavirus Financial Support… Read more

Carry Back Corporation Tax Losses

Posted: 4th Aug 2020 by Clair Watmore Blog

Relief for corporation tax losses your company has made in a year can provide it with a refund of corporation tax. The outbreak of Covid-19 has presented companies with a unique set of challenges. Chief among them is how to manage cash flow. Where your company has been adversely affected by the pandemic, it could… Read more

Businesses Need To Reinstate VAT Direct Debits

Posted: 23rd Jun 2020 by Clair Watmore Blog

The deferral of VAT payments due to Coronavirus will end on 30th June and businesses need to take action to reinstate their direct debit mandates.  The VAT payment deferral means that all UK VAT-registered businesses have the option to defer VAT payments due between 20 March and 30 June 2020 until 31 March 2021. However,… Read more

Self-employment Income Support Scheme (SEISS)

Posted: 7th May 2020 by Clair Watmore Blog

The scheme the Chancellor has announced is expected to cover around 95% of current self-employed business people, but there are a number of self-employed who will not be covered. Who can claim You can claim if you’re a self-employed individual or a member of a partnership and: you traded in the tax year 2018 to… Read more

Top 10 tips: employee expenses during coronavirus homeworking

Posted: 27th Apr 2020 by Clair Watmore Blog

If your employees are working from home due to the coronavirus lockdown, there are important tax compliance issues to consider before reimbursing expenses. Our tax team explains what to look out for: 1. Supply of one mobile phone and sim card per employeeThe supply of one mobile phone per employee is non-taxable.  There is no need… Read more