Construction Services Domestic Reverse Charge: New VAT rules for building and construction services
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
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
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
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
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
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
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
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
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
Tax changes postponed
The snap general election has forced ministers to remove controversial plans to slash the tax free dividend allowance, along with proposed changes to tax reporting, from the Finance Bill 2017. Nottingham chartered accountants, Clayton & Brewill, explains more about the latest announcements. Planned tax changes, which were likely to affect many small businesses, are part of a number… View Article