Updates from the Clayton & Brewill team.

VAT on prompt payment discounts

11th May, 2015

Do you offer a discount for prompt payment of invoices? Do you pay invoices early in order to get an agreed reduction in the price? If so, you need to be aware of HMRC's recent changes to how VAT should be charged. Clayton & Brewill's Doug Perry explains. Since 1 April 2015, if you offer… View Article

Pension auto-enrolment – book now for Long Eaton, Nottingham, Melton

11th May, 2015

* Do you know your auto-enrolment staging date? * Have you started talking to your employees about it? * Will you need to find a new pension scheme? * Can your payroll software cope with auto-enrolment? * Do you understand what you need to do to comply? If you employ between 1 and 30 staff, these are… View Article

Got a classic car in the garage?

7th May, 2015

If you’re lucky enough to have an Austin Healey or an E-type Jag in the garage then be aware that HMRC is proactively checking valuations to ensure they are correct for tax purposes. Clayton & Brewill’s Doug Perry explains: When a classic car is valued at more than £15,000 the tax implications are substantial, with a… View Article

Client profile: Little Grippers

7th May, 2015

Each month we will feature a Clayton & Brewill client. This month we take a look at Little Grippers and their innovative stay-up-socks! Little Grippers is a Nottingham based business that was launched in 2013 after months of development and testing. The brand is the brain child of husband and wife team Adrien and Rachel… View Article

Pension auto-enrolment: practical tips for SMEs

6th May, 2015

With the new workplace pension rules filtering down to smaller employers, Clayton & Brewill's Chloe Hughes offers some practical advice to business owners to help smooth the path to implementing pension auto-enrolment. The aim of auto-enrolment is to encourage individuals to save for their retirement and, under the regulations, all businesses will ultimately need to… View Article

31 July payment on account – act now to reduce your tax

5th May, 2015

Self-assessment tax payers must make their second income tax payment on account by 31 July. Now is the time to consider applying  for a reduction in the amount of tax you need to pay. Payments on account are calculated based on your tax liability for the previous year, with half being paid on 31 January… View Article

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