How to sign up to Making Tax Digital for VAT

27th June, 2019

Most businesses with a taxable turnover over £85,000 are required to comply with new HMRC Making Tax Digital requirements for VAT. Nottingham chartered accountants Clayton & Brewill provides details of how to sign up to Making Tax Digital for VAT. If your business has a taxable turnover over £85,000 it is highly likely that you… View Article

Construction Services Domestic Reverse Charge: New VAT rules for building and construction services

18th April, 2019

From 1 October 2019, the Construction Services Domestic Reverse Charge (CSDRC) will be introduced by HMRC, in a bid to tackle VAT fraud in the construction industry. Nottingham chartered accountants Clayton & Brewill explains what you need to know about the reverse charge measure. The new measure will mean that a person supplying certain construction industry… View Article

Spring Statement 2019

21st March, 2019

On 13 March 2019, Chancellor Philip Hammond presented his Spring Statement. Nottingham chartered accountants Clayton & Brewill provides a brief review of the Statement, along with some changes that are coming into effect in the near future. Unsurprisingly, the Spring Statement 2019 didn’t really reveal anything that we didn’t already know. The Chancellor pledged last… View Article

Buy to let landlords hit by changes in the rental market

25th February, 2019

The UK buy to let market has been subject to numerous changes in recent years, resulting in landlords being affected. Nottingham chartered accounts Clayton & Brewill discusses what impact the changes are having on the UK buy to let property market and whether there are still opportunities for investors. What changes are impacting the buy… View Article

Making Tax Digital for VAT guide

13th February, 2019

Making Tax Digital for VAT brings mandatory new requirements, for businesses with a taxable turnover above £85,000, from April 2019. Nottingham chartered accountants Clayton & Brewill has put together a helpful guide that explains more about Making Tax Digital for VAT. Our guide provides more information on: The new rules Who is affected Exemptions Software… View Article

HMRC releases list of Making Tax Digital software suppliers

25th July, 2018

HMRC has recently released details of software suppliers whose software meets the requirements of the forthcoming Making Tax Digital (MTD) initiative. Nottingham chartered accountants Clayton & Brewill, shares more details about MTD and the related requirements. What are the MTD requirements? From 1 April 2019 businesses with an annual taxable turnover of more than £85,000… View Article

Making Tax Digital delayed due to Brexit

8th May, 2018

Last week, HMRC announced that it was putting a halt on some of its Making Tax Digital plans due to resources being stretched by Brexit. Nottingham based chartered accounts Clayton & Brewill provides an update on Making Tax Digital and explains what areas are being delayed and why. What is Making Tax Digital? Making Tax… View Article

Year-end tax planning for 2017/18 – top tips

9th March, 2018

As the 5 April gets closer and the end of the financial tax year draws to an end, it’s important that you ensure your finances are as tax efficient as possible. Nottingham chartered accountants Clayton & Brewill, provides some tips to help you with your year-end tax planning for 2017/18. Income tax – do you… View Article

Changes to Vehicle Excise Duty

8th June, 2017

For vehicles purchased on or after 1 April 2017 new rates of Vehicle Excise Duty (VED) apply. Nottingham chartered accountants, Clayton & Brewill explain the changes. What are the changes to VED? There are some significant changes to the charges that apply in the year the car is purchased. As with the system that applied… View Article

A guide to P11Ds

9th May, 2017

It’s almost time to submit your P11Ds for the 2016/17 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

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