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Impact of changes to the Construction Industry Scheme

Impact of changes to the Construction Industry Scheme

Significant revisions to the Construction Industry Scheme (CIS) take effect from 6 April 2021. HM Revenue & Customs (HMRC) has identified problems with the operation of the scheme. The aim is to address the potential for fraud. So, what is the expected impact of...
Tax rises in the Budget 2021?

Tax rises in the Budget 2021?

Financial support to save jobs and keep businesses afloat during the pandemic has come at huge cost. Government borrowings already exceed £270billion (ONS). A record high. Now, with the Covid-19 vaccination programme in full swing, is it time to balance the books?...
Earn up to £2000 tax free each year

Earn up to £2000 tax free each year

After the expense of Christmas many people look for ways to stretch their budgets. In the current climate especially, every penny counts. Did you know you can earn up to £2000 tax free each year? Gross allowances Basically, HM Revenue & Customs (HMRC) provides two...
How to pay tax in instalments

How to pay tax in instalments

The January 31 tax deadline is looming. With tax debts piling up, some people are feeling overwhelmed. Don’t worry, you can defer payment of what you owe. HMRC’s Time to Pay system is the solution. Essentially, it allows you to pay tax in instalments.   What’s in...
Operate the National Minimum Wage correctly

Operate the National Minimum Wage correctly

The Job Retention Scheme pays 80% of wages. Unfortunately, it means many employees are not receiving the National Minimum Wage (NMW). Don’t assume this matters less in the current circumstances. Employers that don’t operate the National Minimum Wage correctly will...
2019/2020 SELF-ASSESSMENT tax deadline stands

2019/2020 SELF-ASSESSMENT tax deadline stands

Despite the difficulties caused by Covid-19, the 2019/2020 self-assessment tax deadline stands. If you need to file a Self Assessment tax return, act now. Complete your return online and submit it by 31 January 2021.   Penalties for late filing If your return is...