What Is E-Invoicing and Why It Matters in 2025 The 2025 Budget, due on 26 November 2025, is expected to have far-reaching effects on the UK economy. Alongside potential tax increases, a major focus will be the continued expansion of HMRC’s digital strategy —...
VAT Registration and Exceptions – Key Summary 1. Registration Requirement Threshold: VAT registration is compulsory when taxable turnover exceeds £90,000 in any 12-month rolling period, or is expected to exceed that amount in the next 30 days alone. Deadline:...
Understanding CIS Gross Payment Status: A Guide for UK Subcontractors If you operate in the construction industry, then understanding CIS gross payment status is essential. The Construction Industry Scheme (CIS) sets out how payments to subcontractors should be...
Should you withdraw your pension ahead of the pension IHT changes? With the recent announcements around pension IHT changes, many pension savers are wondering whether they should withdraw their pension to avoid a future inheritance tax charge. The short answer is: not...
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