Latest News
Updates from the Clayton & Brewill team.
Furnished holiday lettings: how to preserve your FHL status?
Furnished holiday lettings (FHLs) have their own tax treatment, reliant on a set of strict day-count rules. With the impact of Covid-19 on occupancy, business owners may need to take stock of their position, as Nottingham chartered accountants, Clayton & Brewill, explains. There are special tax rules for rental income from properties that qualify as… View Article
Biggest tax cut ever? The new super deduction explained
Described by the Chancellor as ‘bold and unprecedented’, the new 130% super deduction for expenditure on new qualifying plant and machinery was a key takeaway from the Budget earlier this year. But what are the terms and conditions? How does it sit alongside the usual rules on capital allowances? And is it the giveaway it’s… View Article
Update: SEISS and furlough scheme changes
Ongoing changes to the Coronavirus Job Retention Scheme (‘furlough’ scheme) and Self-employment Income Support Scheme (SEISS) creates the potential for inadvertent errors. In this article, Nottingham chartered accountants, Clayton & Brewill, outlines the recent changes, and explains why it is important claims can stand up to HMRC scrutiny. SEISS grants There are two further self… View Article
Spring update: IR35 changes, VAT domestic reverse charge and an update for employers
The Clayton & Brewill Spring update is now available to view online. As the country starts to reopen back up again, the Clayton & Brewill team remains committed to helping all of our clients to navigate through these testing times. Our Spring update contains advice and articles for both business owners and individuals, including: An overview… View Article
IR35 in the private sector: will you be affected by the new change?
Off-payroll working rules, known as IR35, are about to change in the private sector. From 6 April 2021, all public authorities and medium and large-sized clients will be responsible for deciding the employment status of workers (sometimes known as contractors). With the start date just around the corner, Nottingham chartered accountants Clayton & Brewill provides… View Article
Budget 2021: support measures, recovery plans and looking to the future
On 3 March 2021, the Chancellor, Rishi Sunak, delivered the Budget 2021. In this round-up, Nottingham chartered accountants Clayton & Brewill provides a summary of the key Budget 2021 announcements, including the ongoing business and personal support measures and the government’s recovery plan. As always, please do contact us if you would like to discuss in… View Article
Essential employer update 2021
From minimum wage rates rising to recruitment post-Brexit, 2021 brings a number of new challenges for employers. Here, Nottingham chartered accountants, Clayton & Brewill, shares an essential employer update on the latest issues in payroll, tax and employment law in 2021. Minimum wage: easy mistakes to make this year 1. Minimum wage rates rise from… View Article
VAT domestic reverse charge: your questions answered
Having been delayed to March 2021 as a result of the pandemic, the introduction of the VAT domestic reverse charge change for construction is now upon us. In this article, Nottingham chartered accountants Clayton & Brewill provides answers to the most frequently asked questions around the reverse change and highlights how you can prepare your… View Article
Winter update: Business support measures in 2021, CJRS extended and IR35 changes imminent
The Clayton & Brewill Winter update is now available to view online. Since our last update, the Clayton & Brewill team has been assisting businesses with their COVID-19 challenges, handling payroll, providing tax planning advice and, of course, successfully handling hundreds of CJRS submissions. Our Winter update contains advice and articles for both business owners… View Article
Business support measures in 2021: new lockdown grants for retail and hospitality sector
We begin 2021 finding ourselves in lockdown once more, and times are becoming increasingly difficult for many businesses struggling with the latest coronavirus restrictions. With this in mind, Nottingham chartered accountants Clayton & Brewill shares a round-up of the current business support measures available at the moment, including new lockdown grants of up to £9,000… View Article