This article aims to simplify construction industry scheme tax refunds. If you work in the construction industry and are signed up to the CIS (Construction industry scheme), you may be due a tax refund. Whether operating under PAYE for an employer or if you’re self-employed and signed up to the Construction Industry Scheme (CIS), you […]
A sizable portion of Australia is desert, with the largest found in the famous outback. Rainforests dot the northeastern portion of the country, while the eastern and southeastern edge contain the Great Dividing Range that stretches 2,300 miles. With so much to explore, you run the risk of going over budget. But there are ways […]
Self Assessment, Self Employed Tax Guides, UK Tax Blog, UK Tax News, UK Tax Returns
Important UK Tax Deadlines: 2021-22
New Rules To Claim Tax Refunds UK in 2021-22 This article lists important deadlines to adhere to when submitting your 2021-22 tax returns. The HMRC has introduced some changes for the new tax year and you need to get updated in order to avoid delays and penalties and claim your UK tax refund on time. […]
So, how do you get the most from your CIS tax return? HM Revenue and Customs define the Construction Industry Scheme as “a set of special rules for handling payments made by contractors to subcontractors for construction work.” Subcontractors in the construction industry are often taxed at a very high rate — 20 to 30 […]
The end of the tax year, 5th April 2021, marks the time you need to work on your tax return. To avoid penalties, you must understand PAYE Tax and UK self-assessment tax and other related information, including UK Tax Returns and PAYE Tax Returns that will give you extra money to spend. Filing a PAYE tax […]
Self Assessment, UK Tax Blog, UK Tax News, UK Tax Returns
Guide to filling in your UK Self Assessment Tax Return
This article contains a guide to filling in your UK Self Assessment tax return and how to file your tax return online. It is very important that you fill in your self-assessment tax return before the 31st January deadline each year; failure to do so could mean you receive a late penalty charge which is […]
Self Assessment, UK Tax Blog, UK Tax Returns
Six reasons to file your UK self-assessment tax return early
Being a tax return early bird will mean you avoid spending the festive period immersed in catching up with your business’s paperwork to be ready to file your tax return on time. There are several advantages to filing your tax return early and here in this Self-assessment tax return guide, we take a look at […]
Self Assessment, Self Employed Tax Guides, UK Tax Blog
Do you know if you need to file a Self-Assessment tax return?
How do I know if I need to file a Self-Assessment tax return? Failure to file income tax on time usually results in fines and penalties that would have been avoided when diligence is practiced. But a new problem arose due to a mad dash to beat tax deadline – unnecessary filing of self-assessment. Take […]
money saving tips, UK Tax Blog, UK Tax News, UK Tax Returns
Important Dates In The UK Financial Year – Key 2021 UK Tax Dates
The Financial Year – what is it and why do we have it? The financial year here in the UK is the 5th April. We have it, so that individuals/companies etc. (and it’s the same for everyone), can pay their taxes for the previous year and we can all benefit from the governments infinite wisdom, […]
Do you work in the construction industry? In this article we find out how to claim a CIS tax refund. Did you know, that almost 1/3 of UK construction workers pay too much tax which equates to an estimated £80 million lost each year. If you feel you’ve overpaid tax, it is time to take […]