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reclaim vat on materials for builders

How Builders Can Reclaim VAT on Construction Materials in the UK

Reclaiming VAT (Value Added Tax) can be a great way for builders to reduce the costs of construction projects. This process is especially helpful for those working on large-scale builds or refurbishments. Builders, self-employed contractors, and homeowners involved in specific projects can qualify to reclaim VAT. This article will explain who is eligible to claim, […]

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Register as a Subcontractor or Contractor Under the Construction Industry Scheme (CIS)

How to Register as a Subcontractor or Contractor Under the Construction Industry Scheme

The Construction Industry Scheme (CIS) is a set of regulations established by HM Revenue and Customs (HMRC) in the United Kingdom to oversee tax payments within the construction sector. Under this scheme, contractors deduct money from subcontractors’ payments and forward it to HMRC, ensuring that tax obligations are met promptly. Registering correctly for CIS is

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VAT on Building Materials for Builders

The Complete Guide to VAT on Building Materials for Builders

Value Added Tax (VAT) is an essential tax in the UK that affects many industries, including construction. Builders need to understand how VAT works, especially when purchasing building materials for projects or applying VAT to client charges. VAT is a tax added to products (goods and services), and it is collected by businesses on behalf

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Prepare Your UK Business for Year-End Tax Filing and Compliance

How to Prepare Your UK Business for Year-End Tax Filing and Compliance

Preparing your UK business for year-end tax filing and compliance is essential to staying financially organised and avoiding penalties. Whether you run a small startup or a larger enterprise, preparing for year-end can help you avoid costly mistakes and penalties. In this article, we’ll walk you through everything you need to prepare your UK business

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Risks and Benefits of Investing in Real Estate and Private Equity Funds

The Risks and Benefits of Investing in Real Estate and Private Equity Funds

Investing in real estate and private equity funds can provide significant returns, though it also involves certain risks. Understanding both the rewards and challenges associated with these investment types is essential to making informed decisions. These investment options provide unique opportunities if you’re seeking steady income or the potential for higher returns. In this article,

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Liquidate a Limited Company in the UK

How to Liquidate a Limited Company in the UK Without Hassle in 2025

Liquidating a limited company in the UK means legally closing the business and handling all debts and obligations correctly. Business owners may need to liquidate due to financial difficulties, a decision to close a solvent company, or restructuring plans. This article will explain the liquidation process step by step, helping you close your company without

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Everything about MVL, CVL, Compulsory liquidation

Everything You Need to Know About CVL, MVL, and Compulsory Liquidation

Business liquidation is the formal process of closing a company. It involves selling the company’s assets to repay creditors. This can happen for various reasons, such as financial trouble or the company fulfilling its purpose. There are three main types of liquidation Creditors’ Voluntary Liquidation (CVL), Members’ Voluntary Liquidation (MVL) and Compulsory Liquidation. Each type

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Private vs Public Limited Companies in the UK Which Structure Suits Your Business by Cartwheel International

Private vs Public Limited Companies in the UK: Which Structure Suits Your Business?

When starting a business in the UK, selecting the right company structure is important as it impacts operations, fundraising, and control. Limited companies offering limited liability protection to safeguard personal assets are a popular choice. The two main types are private limited companies (Ltd) and public limited companies (PLC). Understanding the differences between these structures

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