VAT, self assessment and the Coronavirus Job Retention Scheme
In addition to the briefing we shared last week, we wanted to provide you with an update on further measures that have been announced by the government to support businesses during the coronavirus pandemic. The latest measures include deferring VAT and self assessment payments for six months and the Coronavirus Job Retention Scheme. VAT The deferral… View Article
Off-payroll changes: what to expect
From 6 April 2020, there will likely be a major shake-up to the off-payroll (IR35) rules. With draft legislation already published, and changes to the Check Employment Status Tool (CEST) and adaptations to HMRC guidance still likely, Nottingham chartered accountants Clayton & Brewill takes a look at some of the expected changes to the off-payroll… View Article
Holiday pay: it comes with the job
You may have seen adverts from the holiday pay awareness campaign earlier this year: ‘Holiday pay. It comes with the job’. This is part of a wider government initiative, the modern Industrial Strategy, aimed at giving employers and workers better understanding of workplace rights and responsibilities. Nottingham accountants Clayton & Brewill explains more about holiday… View Article
A guide to minimum wage for employers
Getting minimum wage obligations right can be challenging for employers, as indicated by the findings of a recent report by the Low Pay Commission, which highlighted minimum wage underpayment among employers of nine or fewer workers. Nottingham chartered accountants Clayton & Brewill have put together a helpful guide to minimum wage for employers. The guide… View Article
Employment status – why it matters
The modern workplace has evolved rapidly, with the development of the ‘gig’ economy and new ways of working. Freelance workers, contractors working via personal service companies, and workers accessing web-based platforms, for example, are now all integral parts of the modern workforce. With the tax and employment rules struggling to catch up, employment status is… View Article
A guide to P11Ds for 2019
It’s almost time to submit your P11Ds for the 2018/2019 tax year. Nottingham chartered accounts, Clayton and Brewill, provide some guidance on P11Ds to help you get organised in advance of the July submission deadline. What is a P11D? A P11D is a mandatory HRMC form that details expenses and benefits provided to company employees… View Article
Changes to payslip legislation
From April 2019 new government legislation requires employers to provide payslips to all workers and, where pay varies depending on time worked, show the number of hours worked. Sarah Pownall, Payroll Manager at Nottingham chartered accountants Clayton & Brewill, explains the changes to payslip legislation. What are the changes to payslip legislation? From April 2019,… View Article
Are you prepared for the latest increases in pension contributions?
From 6 April 2019, there will in an increase in the minimum contributions that you and your staff will be required to pay into your automatic enrolment workplace pension. Sarah Pownall, Payroll Manager at Nottingham chartered accountants Clayton & Brewill, explains the latest increases in pension contributions and the implications for employers and employees. Under… View Article
Pension re-enrolment – don’t get caught out
Many businesses are not aware that they have a legal obligation to re-enrol some employees back into a pension scheme every three years, even if they have previously opted out. Not re-enrolling eligible employees could result in some significant financial penalties. Sarah Pownall, payroll manager at Nottingham chartered accountants Clayton & Brewill, explains the requirements… View Article
IR35 – change ahead?
IR35 is very much in the news at the moment with several tax tribunal cases involving IR35 contractors. Nottingham chartered accountants Clayton & Brewill, explains IR35 and why it’s creating so many headlines. What is IR35? IR35 rules were introduced in 2000 to apply in cases where someone would have been treated as an employee,… View Article