May 2024 newsletter: the latest updates from Clayton & Brewill

May newsletter 2024

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 […]

Off-payroll working and IR35: are you up to date?

Off payroll working rules

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

Spring Budget 2024: image depicts big ben and the houses of parliament with some purple spring flowers and trees in front of it out of focus.

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 […]

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 […]