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HMRC requires businesses to register for VAT if their taxable turnover exceeds £90,000 in the last 12 months or is expected to exceed this threshold within the next 30 days. Registration must be within   30 days of the end of the month in which the limit is exceeded (or, if the limit will be exceeded in the next 30 days, by the end of that 30-day period) . F ailing to register when required could result in penalties, back payments of VAT owed and interest charges. HMRC revi

Navigating the complexities of real estate taxation can be challenging. Property developers, investors, landlords, and property management companies often face intricate tax rules that can significantly impact their financial outcomes. Understanding and applying effective real estate tax strategies is essential to minimize liabilities and maximize returns. In this post, I will share practical insights and actionable recommendations to help you optimise your real estate tax po

The Construction Industry Scheme (CIS) is a tax deduction scheme requiring contractors to deduct tax from payments made to subcontractors working in the construction industry. Contractors must register for the scheme and  verify the tax status of subcontractors that they engage. They are also required to submit monthly returns online to HMRC detailing all payments made to subcontractors in the previous month. Contractors must deduct a percentage of tax from these payments and