What are the benefits of the Construction Industry Scheme (CIS)?

Here are the Benefits Of The CIS

What are the benefits of the Construction Industry Scheme? In this article, we take a look at CIS and how this can benefit individuals who work in the industry.  What is the Construction Industry Scheme? HM Revenue & Customs (HMRC) created the Construction Industry Scheme (CIS) for contractors and subcontractors in order to minimise tax […]

What to do when you’re accused of tax fraud by HMRC

So what should you do when you’re accused of tax fraud? We can all agree that this is not a situation that anyone wants to find themselves in. This article takes a look at tax fraud and covers some points that you should consider if you’re unfortunate to have found yourself in this position. Whether […]

Everything You Need To Know About Tax – Part 2

Everything You Needed to Know About Taxes

Everything you need to know about taxes – Part II – or Everything you need to know about taxes but were afraid to ask! (Isn’t that a Woody Allen film!!) So, here we are again and we are going to cover the super-dooper exciting subject of Tax!! First and foremost TAX, it’s something you will […]

Everything You Needed to Know About UK Tax – Part 1

Tax and Everything You Needed to Know

There are two things in life that are certain, according to Benjamin Franklin, “Death and Taxes”! He’s right of course, you won’t avoid either, unless you have a cryogenics program under way!! Tax is tax is tax and if you work here in the UK, you will pay it. Current rates are quite similar to […]

How Does The PAYE Tax Returns Scheme Work?

PAYE Tax returns

The end of tax year, 5th April 2021 marks the time that you need to work on your tax return. To avoid penalties, it is important that you understand PAYE Tax and UK self assessment tax and other related information, including UK Tax Returns and PAYE Tax Returns that will give you extra money to spend. Filing […]

6 ROI’s To Spend Your 2020 Tax Refund On

Spend Your 2020 Tax Refund

Got a Tax Refund due in 2020? Here’s 6 ways to spend it wisely and maybe even make more money. Are you expecting a tax refund in 2020? Although you deserve to spend it any way you want, you might want to do it wisely. Treat it as an investment that should provide you with […]

Tax Contribution of UK Financial Services

UK VAT Submission Changes

An interesting factor to note in the UK tax system for the year 2017 was that the Financial Services (FS) sector had made a Total Tax Contribution (TTC) of £72.1 billion for the period under review. This amounted to 11 per cent of all government receipts, an increase from the 10 per cent of the […]

What you should know about Making Tax Digital UK (MTD)

ipad with income information

Major changes are expected in the UK tax structure with Making Tax Digital UK (MTD), the system which intends to digitise tax collection in the country, coming into effect for businesses, commencing with VAT, from 1st April 2019. Here is What you should know about Making Tax Digital UK (MTD) MDT was announced in the April […]

Update on UK Land and Buildings Transactions Taxes

pound coins

Recent changes made with regard to the UK tax system include developments in relation to the UK Land and Buildings Transactions Taxes (LBTT). Some of them are quite helpful to taxpayers, but let’s look at these in a little more detail… Here is an Update on Land and Buildings Transactions Taxes Many legislative changes have been […]

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