Latest News
Updates from the Clayton & Brewill team.
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
Working from home: what are my tax obligations as an employer?
As we adjust to a more socially distanced post-lockdown world, figures indicate that many UK businesses – having seen the benefits of flexible, remote working – are now opting to ditch the office building and make home set-ups a more permanent arrangement. But the upsurge in homeworking brings certain tax obligations that employers need to… View Article
The summer economic update: what we learned from the July mini-Budget
In the summer economic update, Rishi Sunak has unveiled a raft of measures designed to boost the UK economy following the impact of COVID-19. Here, Nottingham chartered accountants Clayton & Brewill provides an overview of what was announced in the chancellor’s mini-Budget. Job Retention Bonus: the future of the furlough scheme We have already seen… View Article
Summer update: furlough changes, SEISS claims, VAT deferral refunds
The Clayton & Brewill Summer update is now available to view online. Summer is now on our doorsteps, and what a strange few months it’s been since our Spring update! After what seems like an eternity spent on lockdown, and following a very busy period of remote working, Clayton & Brewill is pleased to announce… View Article
Domestic reverse VAT charge for construction on hold until 2021
The introduction of reverse charge VAT on construction services, which has already been pushed back to 1 October 2020, will now be introduced on 1 March 2021. The antifraud measure aims to eliminate the risk of a fraudulent supplier invoicing for work that it has allegedly supplied together with VAT, which it then fails to… View Article