In recent years, the gig economy has experienced incredible growth, with more and more people choosing to work as freelancers and independent contractors in the construction sector. While this type of work comes with a great deal of freedom and flexibility, it also has unique challenges, particularly in terms of…
As you may know, processing CIS payment and deduction statement can be a tedious and time-consuming affair. It usually involves a variety of tasks, including invoicing clients correctly, processing timesheets and submitting the CIS300, among others. Moreover, the same processes need to be repeated week after week, month after month.…
The below NMW rates come into effect from 1st April 2022.
There has been an introduction of a revised policy on the VAT treatment of early termination fees and compensation payments by HMRC by the publication of Revenue and Customs Brief 2 (2022). This will be taken into consideration from April 1, 2022. This would be used instead of the guidance…
Heirs of the creative industry tax reliefs may desire to submit fresh substantiation to HMRC to enable HMRC to smartly evaluate their claim. This extra substantiation can be handled within the company’s tax return or through an online form to assist the claim. Claims must be made within the tax…