End of year tax planning

End of year tax planning

End of year tax planning – what you need to consider The new tax year on April 6 is accelerating quickly towards us, and now is the time to make sure that any last-minute tax planning will enable you to make the most of the 2021/22 tax year allowances.  There are...
How do retentions work with CIS?

How do retentions work with CIS?

When should CIS be taken off a retention? There are no special rules for retention payments and they are treated the same way as any other payments. Whether the retention payment is made gross or under deduction depends on the subcontractor’s tax status at the date of...