CONSTRUCTION INDUSTRY SCHEME - 17.04.2024
No more CIS tax refunds
It pays not to talk. HMRC seems hell bent on ditching access to its services by phone. In the last couple of years contacting HMRC by phone for most tax issues has been increasingly limited. The latest victims of the HMRC cutbacks are companies who want to claim a refund of deductions made under the construction industry scheme (CIS). ...
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BUDGET - 18.03.2024
Good Budget for business?
While most of the headline Budget announcements affect individual taxpayers, lurking in the small print are a few changes for businesses. Will they impact you?
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IR35 - 06.02.2024
New IR35 legislation published
In his 2023 Autumn Statement the Chancellor announced new rules to prevent potential double charges on income subject to IR35/off-payroll taxes. The draft rules are now out for consultation. What’s the full story?
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CONSTRUCTION INDUSTRY SCHEME - 24.01.2024
Construction industry scheme - what’s the latest?
In a move to prevent or at least reduce tax avoidance, changes to the construction industry scheme (CIS) rules takes effect from April 2024. As a contractor or subcontractor in the industry, what do you need to know?
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SELF-ASSESSMENT - 04.01.2024
HMRC cuts helpline ahead of SA deadline
HMRC is now refusing to answer most calls about self-assessment. If you have a question preventing you completing your self-assessment return on time, what steps can you take to avoid a fine?
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ACCOUNTS - 12.12.2023
Cash basis accounting - what’s the latest?
The cash basis of accounting is to become the norm for unincorporated businesses when calculating profits for tax purposes. What steps do you need to take to prepare for the change and what impact might it have on your tax bills?
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