It might be hard and take a lot of time to handle VAT returns for your limited company. No matter what field you’re in, whether it’s retail, construction, or something else, VAT returns need to be done correctly and in line with the most recent rules. Mistake or missing deadlines can result in fines, compliance […]
6 Reasons Your Limited Company Needs Professional VAT Return Services Read More »
Wondering if you need to file a Self‑Assessment tax return to claim a refund or get tax relief? This is a common question during tax season, especially for those who do not usually complete a tax return. The answer depends on your situation, the type of income you have, and how you want to claim
Do You Need a Self‑Assessment Tax Return for Refunds or Reliefs? Read More »
Running a small business in the UK can be rewarding, but managing taxes can sometimes feel like a complex puzzle. However, 2025/26 brings some great tax relief opportunities that can help you save money and keep more of your profits. Let’s dive into how UK small businesses can take advantage of these tax reliefs and
How UK Small Businesses Can Benefit from 2025/26 Tax Reliefs Read More »
Businesses in the UK must understand the corporation tax rates that will apply to various business profits for the 2025/26 financial year. Corporation tax is a direct tax that UK-based companies pay on their profits, and staying informed about the latest rates can significantly impact your business’s financial planning. For the 2025/26 financial year, the
Everything You Need to Know About Corporation Tax Rates in the UK for 2025/26 Read More »
Research and Development (R&D) tax relief is a significant opportunity for businesses in the UK, allowing them to reduce their tax bills or receive valuable cash credits. The scheme aims to encourage innovation, enabling companies to reinvest in developing new products, processes, or services. Despite its potential, many businesses struggle with the complexities of the
A Complete Guide to Successfully Claiming R&D Tax Relief in the UK Read More »
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,
How Builders Can Reclaim VAT on Construction Materials in the UK Read More »
If you’re a subcontractor under the UK’s Construction Industry Scheme (CIS), it’s likely that 20% (or even 30%) of your payments have been deducted for tax purposes. The good news? You might be entitled to reclaim some or all of that overpaid tax. Each year, many UK subcontractors miss out on refunds simply because they’re
How to Reclaim Overpaid CIS Tax: Step-by-Step Refund Guide Read More »
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
How to Register as a Subcontractor or Contractor Under the Construction Industry Scheme Read More »
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
The Complete Guide to VAT on Building Materials for Builders Read More »
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
How to Prepare Your UK Business for Year-End Tax Filing and Compliance Read More »