Latest News
Updates from the Clayton & Brewill team.
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
Business diversification: implications for tax
Responding to the challenges posed by COVID-19, many organisations have changed their core business in order to adapt to ever-changing lockdown restrictions. But whether you’re a florist making face masks or a farm shop starting home deliveries, it’s important to consider the tax implications that business diversification could have, as Nottingham chartered accountants Clayton &… View Article
IR35 changes fast approaching
The overhaul to the IR35 rules, postponed because of Covid-19, is fast approaching. For most off-payroll workers, it adds up to a big change to procedure from 6 April 2021. In this article, Nottingham chartered accountants Clayton & Brewill explains why the change is all about tax and employment status, and who makes the decision… View Article
CJRS extended until April
In his briefing at the end of October last year, the Prime Minister announced additional financial support measures for businesses across the UK as part of the government’s plan to keep the economy moving through the new national lockdown. This included extending the Coronavirus Job Retention Scheme (CJRS), with the government later confirming that the… View Article
Winter Economy Plan: what is the Job Support Scheme and who is eligible?
In place of the cancelled Autumn Budget, Rishi Sunak unveiled his Winter Economy Plan on Thursday, where he confirmed the end of the furlough scheme and announced the introduction of the Job Support Scheme. In this article, Nottingham chartered accountants Clayton & Brewill provides an outline of the Job Support Scheme, and highlights other key… View Article
Ending of Furlough: what you need to know
As of March 2020, workers placed on furlough have been able to receive 80% of their pay, up to a maximum of £2,500 a month, through the Coronavirus Jobs Retention Scheme. Since then, almost 10 million workers who were unable to do their job because of the coronavirus outbreak have had their wages paid by the… View Article
The benefits of tax investigations protection
The cost of defending yourself against a HMRC investigation is potentially huge; even when the outcome of the enquiry results in no adjustments to your tax position, defence fees can be just as costly. It is therefore a more important time than ever to having tax investigations insurance in place, as Clayton & Brewill explains…. View Article
Making Tax Digital extended to SMEs
The government has confirmed that all VAT registered businesses will have to comply with Making Tax Digital (MTD) from 1 April 2022, with MTD for income tax delayed until 6 April 2023. Here, Nottingham chartered accountants Clayton & Brewill provides an update on the recent extensions. Businesses below the threshold In line with the government’s… View Article