IR35 changes less than six months away

18th November, 2020

The overhaul to the IR35 rules, postponed because of Covid-19, is now less than six months away. For most off-payroll workers, it adds up to a big change to procedure from 6 April 2021. In this article, Nottingham chartered accountants Clayton & Brewill explains why the change is all about tax and employment status, and… View Article

CJRS extended until March

5th November, 2020

In his briefing on 31st October, the Prime Minister announced additional financial support measures for businesses across the UK as part of the government’s plan to keep the economy moving through the new national lockdown. This includes extending the Coronavirus Job Retention Scheme (CJRS), with the Chancellor later confirming that the scheme will continue running… View Article

Winter Economy Plan: what is the Job Support Scheme and who is eligible?

29th September, 2020

In place of the cancelled Autumn Budget, Rishi Sunak unveiled his Winter Economy Plan on Thursday, where he confirmed the end of the furlough scheme and announced the introduction of the Job Support Scheme. In this article, Nottingham chartered accountants Clayton & Brewill provides an outline of the Job Support Scheme, and highlights other key… View Article

Ending of Furlough: what you need to know

14th September, 2020

As of March 2020, workers placed on furlough have been able to receive 80% of their pay, up to a maximum of £2,500 a month, through the Coronavirus Jobs Retention Scheme. Since then, almost 10 million workers who were unable to do their job because of the coronavirus outbreak have had their wages paid by the… View Article

The summer economic update: what we learned from the July mini-Budget

8th July, 2020

In the summer economic update, Rishi Sunak has unveiled a raft of measures designed to boost the UK economy following the impact of COVID-19. Here, Nottingham chartered accountants Clayton & Brewill provides an overview of what was announced in the chancellor’s mini-Budget. Job Retention Bonus: the future of the furlough scheme We have already seen… View Article

Summer update: furlough changes, SEISS claims, VAT deferral refunds

24th June, 2020

The Clayton & Brewill Summer update is now available to view online. Summer is now on our doorsteps, and what a strange few months it’s been since our Spring update! After what seems like an eternity spent on lockdown, and following a very busy period of remote working, Clayton & Brewill is pleased to announce… View Article

Domestic reverse VAT charge for construction on hold until 2021

16th June, 2020

The introduction of reverse charge VAT on construction services, which has already been pushed back to 1 October 2020, will now be introduced on 1 March 2021. The antifraud measure aims to eliminate the risk of a fraudulent supplier invoicing for work that it has allegedly supplied together with VAT, which it then fails to… View Article

Refunds for missed VAT deferral payments can now be claimed

16th June, 2020

Taxpayers who wanted to defer VAT payments due between 20 March 2020 and 30 June 2020, but did not manage to cancel their Direct Debit in time can claim a refund, HMRC has confirmed. According to HMRC, the quickest way for a claim to be processed is if taxpayers submit a Direct Debit Indemnity Claim to their… View Article

Entrepreneurs’ Relief: a new name and a lower lifetime limit

5th June, 2020

Despite worries it may be scrapped altogether, Entrepreneurs’ Relief (ER) lives on in 2020, but with a new name – Business Asset Disposal Relief – and a new, lower lifetime limit, as Nottingham chartered accountants Clayton & Brewill explains. What is Entrepreneurs’ Relief (ER)? ER is a capital gains tax (CGT) relief available not just to company… View Article

The Clayton & Brewill office has reopened

2nd June, 2020

Clayton & Brewill is pleased to announce that our office has now reopened. We are following social distancing measures to ensure we keep our team and clients as safe as possible. The reopening of our office follows a very busy period of remote working following lockdown. Since March, Clayton & Brewill has been assisting businesses… View Article

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