Jointly owned property: getting the rules right
Many individuals do not realise that HMRC automatically treats income from jointly owned property that has been let out as being split equally between spouses, unless an election has been made to change this. In this blog, the Clayton & Brewill team discusses the tax rules behind jointly ownedproperty and why seeking professional advice is […]
Major change in tax rules for furnished holiday lettings
Preferential tax rules for furnished holiday lettings (FHLs) will end in April 2025, removing any tax incentive for individuals to offer short-term holiday lets. With April fast-approaching, the expert team at Clayton & Brewill discuss the upcoming changes and how these may impact you. What is changing? Admin – rather than being calculated and reported […]
Essential employer update 2025
Clayton & Brewill guide you through the latest issues in payroll, tax and employment law. From April 2025 several changes are coming into force that employers should be aware of, including updated minimum wage, National Insurance and employee hours. Download our briefing note below to learn more. Download the briefing note here. Working with you […]
February 2025 newsletter: the latest updates from Clayton & Brewill
Clayton & Brewill’s February 2025 newsletter is now available to view online. After a busy 2024 we are now well and truly settled into 2025 and are starting to see the first signs of spring with lighter evenings and warmer weather. In our latest newsletter, we look at a number of key talking points in […]
What is Time to Pay and can my business use it?
If a business or individual is struggling to make a tax payment because of genuine financial hardship or personal difficulties, then they may be eligible for a Time to Pay (TTP) arrangement. As we approach the Self Assessment tax return deadline, the Clayton & Brewill team discusses TTP and how it can be useful for […]
Don’t miss the Self Assessment tax return deadline
Following all the Christmas festivities, it can be easy to forget that the 31 January deadline for submitting your Self Assessment tax return is just around the corner. Clayton & Brewill explains why you must ensure your submission is correct and on time so you can avoid any unnecessary penalties. Who must send a tax […]
How to get tax on employment benefits right
With particularly complex rules, getting the tax on employment benefits right for directors and employees can seem like a minefield. Recent research by The Global Payroll Association showed that errors in this area are routine. Its survey revealed that 25% of employees responding had been wrongly paid: and that 11% of these errors related to […]
Keeping up to date with VAT
The world of VAT is always changing. ‘Every question answered seems to give rise to three more’, according to one expert commentator. To help keep your business up to date with VAT developments, Clayton & Brewill takes a look at some of the basic questions here. Also, in the light of a recent VAT case […]
December 2024 newsletter: the latest updates from Clayton & Brewill
Clayton & Brewill’s December 2024 newsletter is now available to view online. We are well and truly into the winter season now with many areas even seeing snowfall in the last few weeks. We hope you are enjoying the last few weeks of the year and are looking forward to 2025. In our latest newsletter, […]
2025 planning: 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. […]