Latest News
Updates from the Clayton & Brewill team.
The Structures and Buildings Allowance (SBA): what we know so far
The Autumn Budget 2018 announced the introduction of a new capital allowance called the Structures and Buildings Allowance (SBA). In this blog, Nottingham chartered accountants Clayton and Brewill provides an overview of SBA, looking at what we know so far about this new capital allowance. An overview The Structures and Buildings Allowance (SBA) will provide… View Article
Tax investigations protection – why it’s important you’re covered
With HMRC enquiry activity being more focused and targeted than ever before, tax investigations are on the increase. In 2017-18 alone, HRMC collected £30.3 billion through compliance activity. Nottingham chartered accountants, Clayton & Brewill explains more about tax investigations and why it’s important to ensure you have tax investigations protection in place. Tax investigations and… View Article
Summer Update from Clayton & Brewill
The Clayton & Brewill Summer Update is now available to view online. Our Summer Update contains advice and articles for both business owners and individuals, including: Signing up for Making Tax Digital New VAT rules for building and construction services What’s new with EMI schemes? Changes to payslip legislation Click here to view the full… View Article
Section 21 notice changes: an update for landlords
The government has announced its plans to abolish the use of Section 21 notices, with landlords now expected to use Section 8 if they wish to evict their tenants. This change coincides with the Tenant Fees Act 2019 coming into place last month, which has capped the amount allowed for a tenancy deposit and banned… View Article
How to sign up to Making Tax Digital for VAT
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
What’s new with EMI schemes?
The Enterprise Management Incentive (EMI) is a flexible employee share option scheme designed for smaller companies. A share option is the right to acquire shares in a company on terms set out in an option agreement. This can be a great financial incentive for employees to work harder in order to help the business succeed,… 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
Diversity survey
Clayton & Brewill are licenced by the Institute of Chartered Accountants in England and Wales (ICAEW) to provide probate services. As part of its regulatory responsibilities, the ICAEW require firms registered to provide probate services to carry out and report on diversity monitoring within the firm. The results of our latest diversity survey are available… 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