February 2024 newsletter: the latest updates from Clayton & Brewill

Clayton & Brewill's February 2024 newsletter: image of a frosty lawn with the sun shining through some trees in the background

Clayton & Brewill’s February 2024 newsletter is now available to view online. After a very busy few months at Clayton & Brewill, we’re well and truly settling into 2024 – and with the cold weather starting to thaw, it already feels like we’re hurtling towards Spring. In our latest newsletter, we look at a number […]

Making Tax Digital: remodelled and going ahead

Start dates for making tax digital: Image shows a series of white blocks with arrows on them all points forwards against a light blue background.

The start dates for Making Tax Digital for Income Tax (MTD ITSA) were confirmed by Jeremy Hunt in the Autumn Statement 2023, alongside some changes to the regime. In outline, MTD ITSA involves keeping digital records and providing quarterly updates of income and expenditure to HMRC through MTD-compatible software. There is also an end of […]

Advice for employers ahead of major change for payroll

Change for payroll: image depicts a calulator, a pair of glasses, and a pen, sitting on top of a document titled Payroll.

Forthcoming changes to minimum wage highlight the need for employers to deal confidently with the underlying payroll rules. Nottingham Chartered Accountants, Clayton & Brewill, shares a concise guide for employers navigating the evolving payroll landscape. The change for payroll is imminent – from 1 April 2024, the National Living Wage (NLW) becomes £11.44 per hour […]

Autumn Statement 2023: key announcements

Autumn Statement 2023

Chancellor Jeremy Hunt delivered the Autumn Statement on 22 November, promising that the government will “reduce debt, cut tax and reward work”. New measures announced include a reduction in national insurance for both the employed and self-employed, pension reforms, and cuts to business tax.   Personal measures  National insurance cuts   For employees on between £12,570 and […]

October 2023 newsletter: the latest news and updates from Clayton & Brewill

Clayton & Brewill’s October 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: Covid support payments are still on HMRC’s radar R&D single scheme uncertainty for customers Paying voluntary National Insurance contributions The High Income Child Benefit […]

What does the tax rules shake-up mean for pension planning?

Pension planning: image of a white piggy bank on a table with a blurred background.

Whether you’re reviewing your own investment options for the future, a business owner looking for tax-efficient remuneration strategies, or an employer looking to signpost staff to advice, Clayton & Brewill explains what this year’s changes to tax-rules mean for pension planning and shares a round up of everything you need to know in order to […]

Full expensing: will it benefit your business?

Full expensing: images shows farm machinery in a field at sunrise

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 […]

Why should R&D should be on your agenda now?

R&D is in three black letter blocks on a table with a blurred gold background

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

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 […]