Looks at what is known as the ‘golden brick’ and its effect on the VAT treatment of new residential property in the construction industry.I t is not uncommon, in these cash-strapped times, for construction companies to start work on a housing project and either run out of money or stop building due to a lack […]
Construction Industry: The ‘Golden Brick’ Read More »
Contractors in the construction industry have big regular construction industry scheme (CIS) tax obligations and responsibilities. A contractor will have to get relevant financial and fiscal details regarding the subcontractor they plan to use to carry out construction work. The contractor will then have to ‘verify’ them. This means going online, submitting the appropriate details
Construction Industry Scheme: What is Tax-Deductible? Read More »
If you’re looking for ways to know how to register as a self-employed person in the UK, there are a few things you need to know. Firstly, you’ll need to inform HM Revenue and Customs (HMRC) that you’re becoming self-employed. This can be done online, by phone, or via mail. Moreover, it’s important to keep
How to Register as Self Employed? Read More »
Wondering what is CIS (Construction Industry Scheme)? This scheme works similar to PAYE to deduct income tax and NI from the subcontractor’s payment at source. If you’re a contractor or subcontractor working in the construction industry in the UK, you need to be aware of the rules laid down by the government under Construction Industry
What is CIS (Construction Industry Scheme)? | How to Register? Read More »
