Employer obligations in 2022: an update
In our latest employer update, Nottingham chartered accountants Clayton & Brewill guides you through the latest issues in tax, payroll and employment law. Stay compliant on minimum wage New minimum wage rates apply from 1 April 2022: Hourly rate from 1 April 2022 National Living Wage (age 23 and over) £9.50 21-22 year old rate… View Article
Spring update 2022: off-payroll working rules, fraud in Covid support schemes and MTD for income tax
The Clayton & Brewill Spring update 2022 is now available to view online. As the bank holiday weekend approaches, we’d like to wish all our clients a very Happy Easter from the team at Clayton & Brewill. Our Spring update contains advice and articles for both business owners and individuals, including: What employers need to consider… View Article
Spring Statement 2022: key announcements
Clayton & Brewill provides a summary of the key announcements from the Spring Statement 2022, including cuts to fuel duty and income tax, and an increase to the Employment Allowance to help small employers with national insurance costs. As always, please do contact us if you would like to discuss in detail the impact of any of these… View Article
Error and fraud in Covid-19 support schemes: HMRC’s approach
From the beginning, it was clear that Covid-19 support schemes would be targets for fraud and that customers would make mistakes. In our latest article, Nottingham chartered accountants Clayton & Brewill highlights HRMC’s latest approach to tackling error and fraud in Covid-19 support scheme claims. Taxpayer Protection Taskforce Given estimates suggesting £5.8 billion lost to… View Article
Autumn update 2021: salary sacrifice, HMRC’s changing approach and MTD developments
The Clayton & Brewill Autumn update 2021 is now available to view online. It’s hard to believe that the year is coming to a close, but as we begin the countdown to Christmas, the Clayton & Brewill team remains committed to supporting all of our clients at this busy time. Our Autumn update contains advice… View Article
Salary sacrifice: how to change the small print
With the disruption caused by COVID-19, employers may find themselves asked to change the terms of a salary sacrifice arrangement. But it’s important that businesses tread carefully on this matter; varying a salary sacrifice arrangement could result in expected tax and NICs advantages being put at risk. In this article, Clayton & Brewill explains what… View Article
Tax investigations protection: could you be next for a HMRC enquiry?
HMRC enquiries are becoming better targeted and are being undertaken with an unprecedented level of details and persistence. In 2019/20, the total tax revenue increased by £8.8bn to £636.7bn, with compliance activity alone yielding £36.9bn – an 8.2% increase in additional tax when compared with 2018/19. Here, Clayton & Brewill explains why tax investigations protection… View Article
Working from home tax relief: new claim needed
During the pandemic, employees required to work from home have been able to claim tax relief for additional costs, if these are not reimbursed by their employer. Tax relief for the 5 April 2022 tax year is also available, and employers may like to bring this to the attention of relevant members of staff so… View Article
Summer update 2021: Recovery Loan Scheme, furnished holiday lettings and the new super deduction
The Clayton & Brewill Summer update 2021 is now available to view online. We’ve had a busy few months since our last update, but the Clayton & Brewill team remains committed to helping all of our clients to navigate through these testing times. Our Summer update contains advice and articles for both business owners and individuals,… View Article
Recovery Loan Scheme now up and running
Earlier this year, the government announced the Recovery Loan Scheme – a successor loan scheme to support UK business recovery. With earlier Covid-19 loans, like the Bounce Back Loan, closed to applications since 31 March 2021, this new scheme could serve as a valuable lifeline for eligible businesses, as Clayton & Brewill explains. What is… View Article