Working from home due to coronavirus, even for a day? You could be entitled to tax relief for a year
Have you been working from home due to the coronavirus for even just a day? if the answer is yes and you have not applied for tax relief then we are here to help. In October 2020, HMRC launched a new microservice which meant anyone who has to work from home during the pandemic could […]
Does your company spend money on innovation?
Research & Development relief (R&D) upcoming government changes. From April 2021 the government have introduced a cap to R&D claims for small to medium enterprises (SMEs), this is said to make genuine claims easier whilst preventing fraud. As a result companies are to be limited to claim £20,000 plus 300% of its total Pay as […]
Roadmap in place to ease lockdown restrictions in England.
PM Boris Johnson announced on Monday 22 February 2021, the easing of lockdown across England will be based on a four-step roadmap. The roadmap has now been published on gov.uk and outlines the four steps to easing the restrictions. Mr Johnson has clearly stated the decision on each stage will be assessed on data and […]
Domestic Reverse Charge (DRC) – Is your business prepared?
Last year the government delayed the introduction of the VAT reverse charge, which must be used for supplies of building and construction services. From 1 March 2021 this charge will now apply to any standard and reduced-rate VAT services: individuals or business who are VAT registered in the UK reported within the Construction Industry Scheme […]
CIS: “If I leave the UK, do I still have to file a Tax Return?”
It is very easy to forget about reclaiming any UK tax during the course of moving away, after all it can be a very stressful time. But it is good news for contractors as you may still be able to claim a tax refund even if you leave the UK. To make the process as […]
CIS: “Do I need to file a tax return?”
Self Assessment Tax Return Services We help people like you from all over the UK and around the world to complete their Self Assessment tax returns. Our personalised tax return service is tailored to you and we will give you a free no obligation quote before work starts. At Subbie.Tax we use qualified and experienced […]
CIS: Claiming a CIS Tax Refund
Did you know that if you are registered on the Construction Industry Scheme (CIS), you could be owed a CIS tax refund? As a self employed contractor you can reclaim many of your business expenses against the deductions that your contractor made from your pay throughout the year. CIS-registered sub-contractors in the construction industry are […]
Is your business eligible? Do not miss out on the coronavirus bounce back loan.
The government introduced the bounce back loan scheme in May 2020 to help small and medium businesses during the pandemic, given owners the opportunity to borrow between £2,000 and up to 25% of their turnover (maximum of £50,000) with no fees or interest to be paid for the first 12 months. With repayment terms now […]
Off-Payroll Working (IR35) changes – Are you ready? How will this affect you?
Last year the government announced a change to off-payroll working for contractors and intermediaries, which is scheduled to take place in April 2021. For a business this means if your worker provides services to the public sector, medium and large private sectors the client determines their employment status, this also includes some charities and third […]
Are you joining the Covid VAT deferral payment scheme?
Do you or someone you know have VAT deferred payments outstanding between 20 March 2020 and 30 June 2020 and need extra time to pay these? If the answer is YES, then why not consider applying for the governments VAT deferral scheme. If your company is eligible for the scheme you must join yourself online […]
