Changes to holiday pay and entitlement: irregular hours and part-year workers
Almost everyone classed as a ‘worker’ — a definition going wider than just employees — is legally entitled to 5.6 weeks’ paid holiday each year. This includes workers with irregular hours and part-year workers. From April 2024, new rules will change how holiday pay is calculated for workers, including an accrual method based on hours […]
July 2024 newsletter: the latest updates from Clayton & Brewill
Clayton & Brewill’s July 2024 newsletter is now available to view online. Summer holiday season is well and truly upon us, and it’s nice to see a return of the sunshine this week. We hope those of you going away enjoy a relaxing break. In our latest newsletter, we look at a number of key […]
What do the results of the 2024 General Election mean for businesses?
In the early hours of 5 July 2024, it was announced that the Labour Party had won the majority in the 2024 General Election. Entering Downing Street as Labour’s first prime minister in 14 years, Sir Kier Starmer has declared that “change begins now.“ But what does this win mean for businesses? In this article, […]
P11D form deadlines and upcoming changes for 2026
With the 6 July P11D form deadline fast approaching, it is important to know not only what needs to be reported and any upcoming changes, but also the potential penalties for missing this deadline. Clayton & Brewill shares a look at everything you need to know about the P11D deadline in the blog below. What […]
Capital Gains Tax: recent rule changes
The Spring Budget 2024 introduced a reduction in the top rate of Capital Gains Tax (CGT) on disposals of residential property, dropping it from 28% to 24%. Additionally, the annual exemption amount has been significantly reduced, which will bring more individuals and trusts within the scope of CGT for the first time. The continued, significant […]
May 2024 newsletter: the latest updates from Clayton & Brewill
Clayton & Brewill’s May 2024 newsletter is now available to view online. After a very busy few months at Clayton & Brewill, and we’re pleased to be finally seeing a bit of sunshine now that the Summer is on its way. In our latest newsletter, we look at a number of key talking points in […]
A guide to tax and business motoring
Few business decisions impact your tax bill more than motoring decisions — whether you’re self-employed, a partner, company director or other employee. And with tax rules changing year on year, keeping up to date matters. From the government’s about-turn on double cab pickups, to the latest benefit in kind rates for electric cars, we cover […]
New rules for HICBC: what are your choices?
For many families, receiving Child Benefit payments has been ruled out by the High Income Child Benefit Charge (HICBC). If that’s been your experience, The Spring Budget 2024 might have tipped the balance in your favour. In this guide, Nottingham chartered accountants, Clayton & Brewill, discusses the new HICBC rules, and also looks at the […]
Off-payroll working and IR35: are you up to date?
Nottingham chartered accountants, Clayton & Brewill, takes a look at some areas of current relevance to those working through an intermediary, such as a personal service company (PSC). The off-payroll working (OPW) and IR35 rules are tax avoidance measures, designed to prevent those working through what are called intermediaries from paying significantly less tax and […]
Spring Budget 2024: VAT threshold increased to £90,000 for SMEs
On 6 March 2024, Chancellor Jeremy Hunt delivered the Spring Budget 2024 from the House of Commons, announcing an increase to the VAT threshold and cuts to National Insurance. Nottingham chartered accountants, Clayton & Brewill, provide an overview of key measures announced. Set against the backdrop of the looming general election, the Chancellor began his […]