Capital Gains Tax: recent rule changes

Capital Gains Tax

The Spring Budget 2024 introduced a reduction in the top rate of Capital Gains Tax (CGT) on disposals of residential property, dropping it from 28% to 24%. Additionally, the annual exemption amount has been significantly reduced, which will bring more individuals and trusts within the scope of CGT for the first time.  The continued, significant […]

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 […]

A guide to tax and business motoring

Few business decisions impact your tax bill more than motoring decisions — whether you’re self-employed, a partner, company director or other employee. And with tax rules changing year on year, keeping up to date matters. From the government’s about-turn on double cab pickups, to the latest benefit in kind rates for electric cars, we cover […]

New rules for HICBC: what are your choices?

For many families, receiving Child Benefit payments has been ruled out by the High Income Child Benefit Charge (HICBC). If that’s been your experience, The Spring Budget 2024 might have tipped the balance in your favour.  In this guide, Nottingham chartered accountants, Clayton & Brewill, discusses the new HICBC rules, and also looks at the […]

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 […]

2024 planning: key tax dates and deadline

Key tax dates and deadlines

With so many dates and deadlines across the tax year, it can be easy to lose track. But missing certain deadlines could land you in hot water with HMRC. From self-assessment tax returns to ISA allowances and payment deadlines, there are several key tax dates that should play a vital role in your financial planning. […]

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 […]