Archive

Updates from the Clayton & Brewill team.

Biggest tax cut ever? The new super deduction explained

23rd June, 2021

Described by the Chancellor as ‘bold and unprecedented’, the new 130% super deduction for expenditure on new qualifying plant and machinery was a key takeaway from the Budget earlier this year. But what are the terms and conditions? How does it sit alongside the usual rules on capital allowances? And is it the giveaway it’s… View Article

Update: SEISS and furlough scheme changes

2nd June, 2021

Ongoing changes to the Coronavirus Job Retention Scheme (‘furlough’ scheme) and Self-employment Income Support Scheme (SEISS) creates the potential for inadvertent errors. In this article, Nottingham chartered accountants, Clayton & Brewill, outlines the recent changes, and explains why it is important claims can stand up to HMRC scrutiny. SEISS grants There are two further self… View Article

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