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HCWA

Princecroft Willis LLP is an independent member of HCWA, with associated firms throughout the United Kingdom and worldwide.

HCWA is an association of independent firms of accountants throughout the UK. The association prides itself on the quality and integrity of its member firms. HCWA members share best practice that is encompassed in the nationally communicated procedures which serve to protect members and their clients.

HCWA is a business affiliate member of Horwath International, one of the world's leading global professional services organisations. Horwath International is represented in nearly 400 cities in over 80 countries.

> 18 8 10 NIC holiday
The Coalition government intends to introduce a scheme to help new businesses in targeted areas of the UK by allowing a reduction in employers’ national insurance (NIC).

> 17 8 10 New guidance for charities
Earlier this year a series of changes were made to the tax rules for charities and Community Amateur Sports Clubs (CASCs). Broadly, the rules are intended to offer UK tax reliefs to EU charities and also allow donations to EU charities to qualify under the Gift Aid scheme.

> 26 7 10 End of period of grace
HMRC concession, ESC B46, has become redundant and will come to an end on 31 March 2011. Any businesses filing a return late will have to show that they had a reasonable excuse for the delay in filing to avoid a penalty.

> 19 07 10 VAT - Postal Services changes and potential claims
Many Royal Mail Services are losing exemption and becoming standard-rated.

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