Category: Blog

What is the Contrustion Industry Scheme (CIS)? In the Construction Industry Scheme (CIS), contractors deduct money from subcontractors‘ payments and pass it on to HM Revenue and Customs (HMRC). Subcontractor deductions count as advance payments towards the subcontractor’s taxes and NI. Contractors must register for the scheme. Subcontractors are not required to register, but if… Continue reading Construction Industry Scheme (CIS) Basics

If you’ve paid the wrong amount of tax in any of the last few tax years, HM Revenue and Customs may send you a “P800 calculation“. Why might this happen? And what should you do if you receive one?

As you are probably aware if you have not filed your self assessment tax return or paid your tax late then unfortunately you may be liable to a tax return penalty. If you feel that you have a valid reason for submitting your tax return late then you can speak to HMRC and they will… Continue reading Tax Return Penalty: What To Do?

HMRC are entitled to investigate personal tax returns under “Section 9A of the Taxes Management Act 1970”. Find out how we can help.

What does it mean when HMRC are doing security checks? If you submit a self-assessment tax return which results in a repayment of tax, HMRC undertakes a number of routine security checks to ensure that the claim is genuine. This means that HMRC may write to you and ask that you confirm your identity. This… Continue reading HMRC Security Checks

An introduction to VAT. We look at what is VAT, who has to charge it and how much to charge.

Capital Allowances are how businesses claim tax relief on capital expenditure. Here we look into Annual Investment Allowance, Writing Down Allowances and Capital Allowances on cars.

As the 6th April rolls around, filing your tax return early might not jump to the top of your to do list. But it could well be worth giving it more attention.

Information regarding the support available for the self-employed from the UK government during the Covid-19 (Corona Virus) pandemic.

If your business is involved in construction and it engages self-employed workers, the business will likely need to register with the Revenue as a contractor under the Construction Industry Scheme (CIS).