Employer obligations in 2022: an update

4th May, 2022

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

Error and fraud in Covid-19 support schemes: HMRC’s approach

28th February, 2022

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

Self Assessment tax return 2022: late filing and late payment penalties waived for one month

27th January, 2022

As the 31 January tax return deadline looms, Nottingham chartered accountants Clayton & Brewill explains the latest news from HMRC regarding late filing and late payment penalties being waived and highlights why it’s more important than ever to ensure your submission is made on time. Who must send a tax return? You must send a… View Article

A guide to MTD ITSA: why it still means big change for you and your business

17th December, 2021

April 2022 sees the final phase of Making Tax Digital (MTD) for VAT, but that’s just the tip of the iceberg. MTD for income tax (MTD ITSA) comes next, and implementation is likely to be altogether more challenging, plus there’s corporation tax to consider. In this article, Nottingham chartered accountants Clayton & Brewill provides a… View Article

Salary sacrifice: how to change the small print

15th November, 2021

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

Autumn Budget 2021: key announcements

28th October, 2021

Clayton & Brewill provides a summary of the key Autumn Budget 2021 announcements, including updates to the business rates system, increased investment in innovation, changes to the National Living Wage and the Universal Credit Rate Taper, plus the alcohol duties overhaul. As always, please do contact us if you would like to discuss in detail the impact of… View Article

Making Tax Digital: where are we now?

21st October, 2021

HMRC’s flagship Making Tax Digital (MTD) programme has seen many stops and starts over the years; it can be difficult keeping up with the continuing updates and changes. In our latest article, Nottingham chartered accountants Clayton & Brewill shares a snapshot of the latest developments. VAT The initial easement, meaning full digital links did not… View Article

Tax investigations protection: could you be next for a HMRC enquiry?

28th September, 2021

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

8th September, 2021

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

Furnished holiday lettings: how to preserve your FHL status?

2nd July, 2021

Furnished holiday lettings (FHLs) have their own tax treatment, reliant on a set of strict day-count rules. With the impact of Covid-19 on occupancy, business owners may need to take stock of their position, as Nottingham chartered accountants, Clayton & Brewill, explains. There are special tax rules for rental income from properties that qualify as… View Article

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