Key takeaways from the Autumn Statement 2022

17th November, 2022

From tax increases to tighter public spending, Chancellor Jeremy Hunt has unveiled his plan for the UK to “weather the economic storm” in his Autumn Statement. The chancellor outlined the government’s medium term fiscal plan to put public spending on a sustainable footing, get debt falling and restore stability. He began by acknowledging that the… View Article

What tax relief does the Enterprise Investment Scheme offer?

25th October, 2022

The Enterprise Investment Scheme (EIS) is one of four venture capital schemes designed to allow certain types of small, higher-risk, unquoted trading companies to raise capital. Here, Clayton & Brewill provides an overview of what the scheme offers. What does the Enterprise Investment Scheme offer? The EIS offers several forms of relief. Chargeable gains on… View Article

Which mini-budget tax cuts have been reversed?

17th October, 2022

Having been appointed as chancellor last week following Kwasi Kwarteng’s resignation, Jeremy Hunt has dismantled many of the policies announced in the former chancellor’s September mini budget in a major U-turn for Liz Truss’s government. The new chancellor, who brought forward his fiscal statement by two weeks in a bid to stabilise financial markets, made… View Article

Mini budget 2022: the chancellor unveils plan for growth

23rd September, 2022

From income tax to stamp duty and national insurance, Kwasi Kwarteng’s first announcement as chancellor proved to be far from the ‘mini’ budget that had been expected. Clayton & Brewill provides an overview of the mini budget 2022 and what it means for businesses. UPDATE 17th October 2022: please read our update to this article… View Article

Diversification and VAT: tax implications for farming businesses

12th May, 2020

Farm diversification is becoming increasingly popular as a means of generating new income, but it is important for farmers to consider the full tax implications that any new enterprise could have on their farming business. Nottingham chartered accountants Clayton & Brewill explain how diversification can affect your VAT liability. In years gone by, the vast… View Article

Claiming capital allowances

5th September, 2019

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

Tax tips for farming businesses

17th January, 2019

With the end of the EU Common Agricultural Policy in the UK imminent, the farming industry has big change on the horizon. Nottingham chartered accountants Clayton & Brewill provides advice on reviewing your business in light of the changes, as well as providing some tax tips for farming businesses to consider when conducting this review…. View Article

Brexit: planning ahead

6th June, 2018

On 29 March 2017, the government triggered Article 50, starting the formal process for the UK to leave the EU. This will happen on 29 March 2019. Brexit: a little word with big consequences and a lot of uncertainty. Nottingham chartered accountants Clayton & Brewill provides some guidance on how best to be prepared for the… View Article

Post-Brexit changes to farming subsidies

7th February, 2018

The government has recently set out plans for farming subsidies post-Brexit. Doug Perry, partner at Nottingham chartered accountants Clayton and Brewill, explains the plans and what they mean for the farming industry. Michael Gove, Secretary of State for Environment, Food & Rural Affairs, recently set out the government’s plans for farming funding post-Brexit. He announced that… View Article

Clayton & Brewill now licensed for probate work

19th May, 2016

Nottingham and Long Eaton accountancy firm Clayton & Brewill has become one of a handful of firms in the region to be registered by the ICAEW as a licensed probate firm. Neil South, partner and chartered accountant at Clayton & Brewill, commented: “Clayton & Brewill has a long history of advising clients on their personal tax matters, including inheritance tax… View Article

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