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Newsletter for the month of November - IBISS&CO 

All You Need to Know About
Construction Industry Scheme and Job Retention Scheme

Construction Industry Scheme Registration

If you are self-employed in the construction industry, at that point you can decide to enrol with HM Revenue and Customs (HMRC) in the position of a subcontractor under the Construction Industry Scheme (CIS).

Furthermore, you should also register for the CIS with HMRC, if you are a contractor who is engaging in other self-employed workers on construction ventures. Activities that are categorised as construction work includes site preparations, changes, disassembling, fixes, demolitions, and decorations.

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Frequently Asked Questions About Coronavirus Job Retention Scheme 

Coronavirus Job Retention Scheme is a UK government initiative aimed at supporting businesses and saving jobs against the backdrop of the Covid-19 lockdown. In this article, our experts answer the most commonly asked questions about the scheme. 

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Misconceptions About Stamp Duty Land Tax

SDLT is the tax that must be paid on the purchase of property in the UK. The rates of the SDLT differ according to the price of the property and the purpose of the purchase, e.g. residential or commercial. There are, however, some misconceptions related to payment of SDLT. This article clears these misconceptions while covering some of the common queries that theIBISS & CO team often receive regarding its terms and payment.

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Confused or concerned about Stamp Duty Land Tax on any property transaction? Book an initial consultation with our top-notch and highly-skilled special tax advisers and accountants.

 

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