May 2024 newsletter: the latest updates from Clayton & Brewill
Clayton & Brewill’s May 2024 newsletter is now available to view online. After a very busy few months at Clayton & Brewill, and we’re pleased to be finally seeing a bit of sunshine now that the Summer is on its way. In our latest newsletter, we look at a number of key talking points in […]
A guide to tax and business motoring
Few business decisions impact your tax bill more than motoring decisions — whether you’re self-employed, a partner, company director or other employee. And with tax rules changing year on year, keeping up to date matters. From the government’s about-turn on double cab pickups, to the latest benefit in kind rates for electric cars, we cover […]
New rules for HICBC: what are your choices?
For many families, receiving Child Benefit payments has been ruled out by the High Income Child Benefit Charge (HICBC). If that’s been your experience, The Spring Budget 2024 might have tipped the balance in your favour. In this guide, Nottingham chartered accountants, Clayton & Brewill, discusses the new HICBC rules, and also looks at the […]
Off-payroll working and IR35: are you up to date?
Nottingham chartered accountants, Clayton & Brewill, takes a look at some areas of current relevance to those working through an intermediary, such as a personal service company (PSC). The off-payroll working (OPW) and IR35 rules are tax avoidance measures, designed to prevent those working through what are called intermediaries from paying significantly less tax and […]
Spring Budget 2024: VAT threshold increased to £90,000 for SMEs
On 6 March 2024, Chancellor Jeremy Hunt delivered the Spring Budget 2024 from the House of Commons, announcing an increase to the VAT threshold and cuts to National Insurance. Nottingham chartered accountants, Clayton & Brewill, provide an overview of key measures announced. Set against the backdrop of the looming general election, the Chancellor began his […]
February 2024 newsletter: the latest updates from Clayton & Brewill
Clayton & Brewill’s February 2024 newsletter is now available to view online. After a very busy few months at Clayton & Brewill, we’re well and truly settling into 2024 – and with the cold weather starting to thaw, it already feels like we’re hurtling towards Spring. In our latest newsletter, we look at a number […]
Making Tax Digital: remodelled and going ahead
The start dates for Making Tax Digital for Income Tax (MTD ITSA) were confirmed by Jeremy Hunt in the Autumn Statement 2023, alongside some changes to the regime. In outline, MTD ITSA involves keeping digital records and providing quarterly updates of income and expenditure to HMRC through MTD-compatible software. There is also an end of […]
October 2023 newsletter: the latest news and updates from Clayton & Brewill
Clayton & Brewill’s October 2023 newsletter is now available to view online. In this issue, we look at a number of key talking points in the sector at the moment, including: Covid support payments are still on HMRC’s radar R&D single scheme uncertainty for customers Paying voluntary National Insurance contributions The High Income Child Benefit […]
Tax investigations protection: could you be next for a HMRC enquiry?
With HMRC enquiries becoming better targeted and being undertaken with an unprecedented level of details and persistence, Clayton & Brewill explains why tax investigations protection is so important for businesses. The cost of defending yourself can potentially be huge; HMRC enquiries are taking longer and the defence costs are increasing. Even when the outcome of […]
Why should R&D should be on your agenda now?
R&D should be on businesses’ agendas now because of a backdrop of increasing HMRC scrutiny. HMRC’s dedicated compliance team has more than doubled in size in recent years. Then there’s the built-in complexity of the rules. Add to that significant change – and it’s not the time to get a claim for Research and Development […]