Tag Archives: Contractor Accountants

IR 35 Complete Guide

Business

The Complete Guide To The Working Of IR-35

What is IR-35?     IR-35, also known as the payroll working rule, is a piece of legislation passed to ensure that contractors pay the correct amount in taxes and national insurance. It prevents workers from avoiding taxes by using intermediaries or middlemen. It also ensures that people who should be considered employees of a company […]
June 25, 2019 167 Reads share
Understanding The Construction Industry Scheme

Business

Understanding The Construction Industry Scheme – CIS

The UK’s Construction Industry Scheme, abbreviated as CIS, is a national tax-deduction scheme for British contractors and sub-contractors. Created to reduce tax evasion in the construction industry, the scheme falls under the jurisdiction of and reports to Her Majesty’s Revenue and Customs (HMRC). Any New Developments? As from 5th September 2018, a non-resident firm engaging […]
May 31, 2019 260 Reads share