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Filtered By Category: Property & Construction

May 20 2024

IR35 – ‘Off Payroll Working’

Categories: Property & Construction

A significant number of construction businesses operate via a personal service company (PSC) (or other intermediary). Under the current off-payroll working rules (IR35) rules, as mentioned in our previous article, the responsibility is potentially on the end client or agency  to assess the employee status of PSCs to determine if they have to pay income more

Dec 18 2023

New online service for VAT DIY Housebuilder claim

Categories: Property & ConstructionTaxation

HMRC have launched a new online service which allows DIY housebuilders the ability to recover VAT incurred on their build.  This should hopefully speed up the VAT reclaim process. Previously the claims had to be done manually and involved sending paperwork by post to HMRC. For some background information, the DIY Housebuilder scheme tries to more

Aug 17 2023

Gross payment status under the CIS

Categories: Property & Construction

Gross payment status is a desirable goal for subcontractors operating under the Construction Industry Scheme (CIS) as it allows them to receive income without tax deductions. It can also improve your cash flow and business standing as a reputable contractor. To qualify for gross payment status, contractors must apply to HMRC and show they meet more