HMRC releases list of Making Tax Digital software suppliers

25th July, 2018

HMRC has recently released details of software suppliers whose software meets the requirements of the forthcoming Making Tax Digital (MTD) initiative. Nottingham chartered accountants Clayton & Brewill, shares more details about MTD and the related requirements. What are the MTD requirements? From 1 April 2019 businesses with an annual taxable turnover of more than £85,000… View Article

Making Tax Digital delayed due to Brexit

8th May, 2018

Last week, HMRC announced that it was putting a halt on some of its Making Tax Digital plans due to resources being stretched by Brexit. Nottingham based chartered accounts Clayton & Brewill provides an update on Making Tax Digital and explains what areas are being delayed and why. What is Making Tax Digital? Making Tax… View Article

Year-end tax planning for 2017/18 – top tips

9th March, 2018

As the 5 April gets closer and the end of the financial tax year draws to an end, it’s important that you ensure your finances are as tax efficient as possible. Nottingham chartered accountants Clayton & Brewill, provides some tips to help you with your year-end tax planning for 2017/18. Income tax – do you… View Article

Changes to Vehicle Excise Duty

8th June, 2017

For vehicles purchased on or after 1 April 2017 new rates of Vehicle Excise Duty (VED) apply. Nottingham chartered accountants, Clayton & Brewill explain the changes. What are the changes to VED? There are some significant changes to the charges that apply in the year the car is purchased. As with the system that applied… View Article

A guide to P11Ds

9th May, 2017

It’s almost time to submit your P11Ds for the 2016/17 tax year. Nottingham chartered accounts, Clayton and Brewill, provide some guidance on P11Ds to help you get organised in advance of the July submission deadline. What is a P11D? A P11D is a mandatory HRMC form that details expenses and benefits provided to company employees… View Article

Tax changes postponed

26th April, 2017

The snap general election has forced ministers to remove controversial plans to slash the tax free dividend allowance, along with proposed changes to tax reporting, from the Finance Bill 2017. Nottingham chartered accountants, Clayton & Brewill, explains more about the latest announcements. Planned tax changes, which were likely to  affect many small businesses, are part of a number… View Article

Year end tax planning tips for 2016/17

28th March, 2017

As the 5 April gets closer and the end of the financial tax year draws to an end, it’s important that you ensure your finances are as tax efficient as possible. Nottingham chartered accountants Clayton & Brewill provides some year end tax planning tips for 2016/17. Income tax – do you need to reorganise your… View Article

Buy to let tax changes – minimising the impact

8th March, 2017

From April 2017, a tougher tax regime is being introduced for buy to let landlords. Jack Moore, from Nottingham chartered accountants Clayton & Brewill, explains the forthcoming buy to let tax changes and how landlords can minimise the impact. The current situation Currently landlords can claim tax relief on their mortgage interest payments, basically offsetting… View Article

Tax changes for off-payroll working in the public sector

7th March, 2017

If you provide off-payroll services to the public sector, there some significant tax changes that are likely to affect you from April 2017. Nottingham chartered accountants Clayton & Brewill explain the forthcoming changes. Off-payroll working If you provide services to public sector organisations through your own limited company, it is likely that you are classed… View Article

Changes to Flat Rate VAT

9th February, 2017

In April, changes are being made to the Flat Rate VAT Scheme. These changes are likely to have an impact on many small businesses. Yvonne Jackson from Nottingham chartered accountants Clayton & Brewill explains the changes and the likely effects.   The current situation Businesses who spend very little on purchasing goods – mainly those… View Article

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