From November 2025, UK company directors and Persons with Significant Control (PSCs) will be required to verify their identities with Companies House. Directors can verify their identity themselves or use an Authorised Corporate Service Provider (ACSP), also known as a Companies House authorised agent to handle the process for them. In this article, we’ll explain […]
Transferring shares in the UK can be straightforward. After completing a stock transfer form and having it stamped by HMRC, you can update shareholder details using the Companies House online service. But it’s crucial to ensure that all necessary legal paperwork is completed and to check if any stamp duty is owed on the transfer.
Freelancing is exciting, but when it comes to taxes, it can get complicated quickly. Filing your self-assessment tax return can feel overwhelming, especially when your income isn’t steady and you have various bills to manage. Hiring an expert self assessment accountant can save you time, help you avoid mistakes, and ensure you meet all your
Airbnb and short-term letting have become increasingly popular in the UK, especially as more people look to earn extra income from their properties. With this growth, understanding tax obligations has never been more crucial. In 2025, tax reporting is even more important due to new rules around platform data sharing and Making Tax Digital (MTD).This
The UK government abolished the Furnished Holiday Lettings (FHL) tax regime on 6 April 2025, ending the special tax treatment for short-term rental properties. This major change has raised questions among FHL owners about what tax reliefs and allowances will still be available to them. While many benefits are being removed, certain FHL tax reliefs
Calculating CIS deductions correctly is important for both contractors and subcontractors in 2026. Under the Construction Industry Scheme, contractors must take the correct deduction from eligible payments and send it to HMRC. This deduction counts as an advance payment towards the subcontractor’s tax and National Insurance. It is usually worked out after excluding VAT and
In the UK construction industry, gross payment status under the Construction Industry Scheme (CIS) means contractors pay subcontractors the full invoiced amount without deducting tax (usually 20% or 30%) at source, improving subcontractors’ cash flow and reducing administrative work related to tax deductions. This status makes tax processes easier for both contractors and subcontractors and improves working relationships with contractors by ensuring full payment without tax deductions
The Construction Industry Scheme (CIS) sets out how tax is managed for subcontractors working in construction across the UK. Under CIS,contractors are required to withhold tax from subcontractor payments and send it to HMRC. The scheme is designed to reduce tax evasion and improve overall tax compliance in the sector. If you’re a subcontractor, knowing how CIS tax rates apply to you is crucial. It can help you avoid paying too much or too little tax and give you more control over your cash flow and financial planning.
