VAT is an essential consideration for UK contractors. Most projects are charged at 20%, but certain construction and renovation work […]
When Contractors Should Charge 20% VAT vs the 5% Reduced Rate Read More »
A sole trader runs a business personally, with profits treated as personal income and full liability for debts. A limited
How to Switch from Sole Trader to Limited Company as a Landlord Read More »
From November 2025, UK company directors and Persons with Significant Control (PSCs) will be required to verify their identities with
Transferring shares in the UK can be straightforward. After completing a stock transfer form and having it stamped by HMRC,
How to Transfer Shares in the UK and When to Pay Stamp Duty: A Detailed Guide Read More »
Freelancing is exciting, but when it comes to taxes, it can get complicated quickly. Filing your self-assessment tax return can
7 Key Reasons Freelancers Should Hire Expert Self-Assessment Tax Return Accountants Read More »
Running a successful construction business in London requires proper financial management. A skilled accountant can make a huge difference, ensuring
How to Choose the Right Accountant for Your Construction Company in London Read More »
The UK government abolished the Furnished Holiday Lettings (FHL) tax regime on 6 April 2025, ending the special tax treatment
What FHL Owners Can Still Claim in 2025 After Capital Allowances Are Gone Read More »
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
How to Apply for Gross Payment Status under the Construction Industry Scheme (CIS) Read More »
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.
CIS Tax Rates Explained for UK Subcontractors Read More »
Preparing for tax responsibilities as a limited company owner in 2025 can be manageable and stress-free with the right approach. Proper planning allows you to handle taxes confidently and efficiently. In this article, we’ll walk you through everything you need to know to get your limited company ready for tax preparation. Learn how to understand your tax obligations, organise your records, and file your return smoothly, ensuring your company is fully prepared.
How to Get Your Limited Company Ready for Taxes in 2025 Read More »
