Tax
Stay informed on all things TAX and VAT. From essential guides and expert insights to the latest updates on regulations, compliance, and best practices, our TAX/VAT category provides valuable resources for businesses and individuals looking to navigate tax laws effectively.
When to recognise revenue on services provided
Revenue recognition often causes confusion among contractors and subcontractors...
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How to check if your supplier invoice is correct for input tax
Many business owners have made the mistake of purchasing business supplies in their own name rather than the business’s name.
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How to pay interest to a director or individual lender (CT61)
Most property businesses will require investment from their directors or from individual lenders, whether for startup costs...
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How to complete a monthly CIS return
The Construction Industry Scheme (CIS) is an HMRC scheme for workers in the construction sector.
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Replacement of domestic items relief
Replacement of domestic items (RDI) relief, which replaced the previous Wear and Tear Allowance...
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Is it a repair or improvement (revenue or capital expenditure)?
It can often be difficult to distinguish between repairs and improvements, however...
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