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Updates from the Clayton & Brewill team.
Autumn Update from Clayton & Brewill
The Clayton & Brewill Autumn Update for 2019 is now available to view online. Our Autumn update contains advice and articles for both business owners and individuals, including: Domestic reverse charge delay explained Non-Contentious Probate Fees Order scrapped Inheritance tax: change to come? A guide to minimum wage for employers Self Assessment deadlines: key dates… View Article
Inheritance Tax: change to come?
Recently, Inheritance Tax (IHT) has come under the spotlight, with reports that there are likely to be future reforms, particularly in the area of lifetime gifts, and around the interaction of IHT and capital gains tax (CGT). Whilst it is still uncertain exactly what will change, with the tax clearly in transition, this is a… View Article
Self Assessment deadlines: key dates to be aware of
With key dates for Self Assessments coming up fast, Nottingham chartered accountants, Clayton and Brewill, highlights some important deadlines you need to be aware of and explains why it’s a good idea to get your tax return done sooner rather than later. For those who are self employed, a Self Assessment is the process by… View Article
Non-Contentious Probate Fees Order scrapped
Despite insisting that plans to introduce a new probate fees structure would go ahead next year, the Ministry of Justice announced today that the Non-Contentious Probate Fees Order has been scrapped. In this article, Nottingham chartered accountants Clayton and Brewill explains these recent developments. As we explained in an article earlier this month, the Non-Contentious… View Article
Sajid Javid pledges a higher minimum wage
Speaking at the Conservative Party Conference last week, Chancellor of the Exchequer Sajid Javid, made a number of spending pledges for the upcoming years. In this article, Clayton & Brewill highlights some of the key points to take away from the Chancellor’s speech, including his pledge for a higher minimum wage. During the Conservative Party… View Article
Probate fees: an update
Earlier this month, it was announced that the government has halted its plans to change the probate fees structure by approving the Non-Contentious Probate Fees Order (2018) – a move which could have seen fees soar up to £6,000 for those with high value estates. However, since the prorogation of parliament has been deemed unlawful,… View Article
Holiday pay: it comes with the job
You may have seen adverts from the holiday pay awareness campaign earlier this year: ‘Holiday pay. It comes with the job’. This is part of a wider government initiative, the modern Industrial Strategy, aimed at giving employers and workers better understanding of workplace rights and responsibilities. Nottingham accountants Clayton & Brewill explains more about holiday… View Article
Domestic reverse charge delay explained
The government has announced that it will delay the implementation of the domestic reverse charge until October 2020, citing industry concerns and Brexit as key reasons behind the postponement. Nottingham chartered accountants Clayton & Brewill explains what you need to know about the reverse charge and why it has been delayed. The delay HMRC has… View Article
Claiming capital allowances
Getting tax relief on a claim for capital allowances is not always plain sailing. This was recently highlighted at a tax tribunal, where a taxpayer faced the possibility of forfeiting tax relief on 80% of his expenditure. Nottingham chartered accountants Clayton & Brewill explains more about this particular case and the recent changes around capital… View Article
A guide to minimum wage for employers
Getting minimum wage obligations right can be challenging for employers, as indicated by the findings of a recent report by the Low Pay Commission, which highlighted minimum wage underpayment among employers of nine or fewer workers. Nottingham chartered accountants Clayton & Brewill have put together a helpful guide to minimum wage for employers. The guide… View Article