Full expensing: will it benefit your business?
Unveiled in the Spring Budget earlier this year, ‘full expensing’ is the highlight of what the government calls its new ‘capital allowances offer’. In this article, Nottingham chartered accountants Clayton & Brewill explains what full expensing is and how it may benefit your business. What is full expensing? Full expensing can be used for expenditure […]
Tax investigations protection: could you be next for a HMRC enquiry?
With HMRC enquiries becoming better targeted and being undertaken with an unprecedented level of details and persistence, Clayton & Brewill explains why tax investigations protection is so important for businesses. The cost of defending yourself can potentially be huge; HMRC enquiries are taking longer and the defence costs are increasing. Even when the outcome of […]
Why should R&D should be on your agenda now?
R&D should be on businesses’ agendas now because of a backdrop of increasing HMRC scrutiny. HMRC’s dedicated compliance team has more than doubled in size in recent years. Then there’s the built-in complexity of the rules. Add to that significant change – and it’s not the time to get a claim for Research and Development […]
Tax rules for the construction sector
The construction sector has its own compliance regime – the Construction Industry Scheme (CIS) and the VAT domestic reverse charge (DRC). With the bar for compliance set to be raised still higher, businesses need to be confident that they are applying the rules correctly, as Clayton & Brewill explains. Why compliance rules matter The DRC […]
July 2023 newsletter: the latest news and updates from Clayton & Brewill
Clayton & Brewill’s July 2023 newsletter is now available to view online. In this issue, we look at a number of key talking points in the sector at the moment, including: What is full expensing and will it benefit your business? The latest news around Trade and Customs Why basis period reform actually does matter […]
Property VAT: the option to tax explained
The VAT treatment of property can be challenging. Normally, supplies of land and buildings are exempt from VAT, however there are some exceptions to this. In this article, Nottingham chartered accountants Clayton & Brewill explains the option to tax and the implications of this, as well as HMRC procedures for dealing with property VAT and […]
Director responsibility during insolvency
Are there circumstances in which directors must act in, or at least consider, the interests of the company’s creditors? The Supreme Court has addressed this question for the first time during a recent court case and provided a significant verdict for company directors. In this article, Clayton & Brewill outlines director responsibility during the financial […]
Hybrid and flexible working: what employers should know
Non-standard work arrangements are now the not-so-new normal and come with their own compliance risks. Employers need to be aware of the changing laws surrounding hybrid and flexible working, and the ways in which they can support their employees. In this article Clayton & Brewill looks at the key differences between hybrid and flexible working […]
Short-term property letting: does HMRC need to know?
Many websites urge property owners to start earning from their home or spare room – but what they don’t always mention is that HMRC may want a piece of the action. Income from short-term property letting will likely need to be included in the calculation of your taxable income, although there are some occasions where […]
May 2023 newsletter: our latest news and updates
Clayton & Brewill’s May 2023 newsletter is now available to view online. In this issue, we look at a number of key talking points in the sector at the moment, including: The Economic Crime and Corporate Transparency Bill: Companies House is getting major new powers, which will impacts company directors, secretaries, and people with significant […]