Article by Coconut If you’re a self-employed subcontractor working for a contractor, Construction Industry Scheme (CIS) tax rules apply. By law, the contractor must check the subcontractor’s CIS registration with HMRC and make tax deductions from their wages – 20% (if registered) or 30% (if not). Contractors can use HMRC’s online service or commercial CIS […]

Article by GoSimpleTax Once upon a time, not too long ago, most people would have had one income source – usually their job, working for one employer, But, over time, things have changed. Many people now have more than one income source, either through choice or necessity. Lots of people with jobs also have a […]

Article by Coconut For many sole traders and small private UK landlords, things are about to get more challenging, with the fast-approaching phased introduction of Making Tax Digital for Income Tax. This will drastically change how most sole traders and landlords are required by law to maintain records of their income and expenses, as well […]