Nov 22, 2020 | Construction Industry Scheme (CIS), Payroll, Self Employment in UK, Uncategorised
CIS (Construction Industry Scheme) is a tax deducted by the contractor from the subcontractor’s salary and transferred to HMRC. In other words, it is a tax that must be declared during self-assessment tax return and usually the overpaid amount is refunded....
Oct 28, 2020 | Construction Industry Scheme (CIS), Self Employment in UK, Uncategorised
Deadline for self-assessment tax return (SATR) for the year 2019-2020 is 31 January 2021. Anyone who is self-employed, regardless of making profit or a loss, has to submit SATR to HMRC. Penalties if you don’t submit your return on time: From 01 February (even 1 day...
Oct 20, 2020 | Construction Industry Scheme (CIS), Limited Companies, Payroll, Self Employment in UK, VAT Returns
In England most of self-employed people or directors of Ltd companies using advice and services of the accountant. Do you know that one does not have to have relevant qualifications to call themselves accountant or that you, as a client, are responsible for the...
