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Construction Industry Scheme (CIS) nil return changes

2 minutes to readThere is now a definite requirement for CIS contractors to submit a nil return to HMRC where no contractor payments are made in a tax month. With gaps between projects, seasonal work, and periods of inactivity, there are likely to be months when this should be done. This approach started in April 2026, but it …

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Great British Summer Savings VAT discount ends

< 1 minute to readThe Great British Summer Savings VAT discount scheme ends tomorrow. To avoid problems with VAT returns, businesses that took part need to make sure that till systems revert to 20% at midnight on Tuesday 1 September. The government started this initiative at the end of June to help families with the cost of living over …

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Construction Industry Scheme: anti-fraud measures

3 minutes to readApril 2026 saw HM Revenue & Customs (HMRC) enhance its anti-fraud measures for construction businesses. This toughened-up approach aims to reduce abuse and non-compliance across construction industry supply chains. Businesses that ‘knew or should have known’ that their transactions were connected to CIS or PAYE fraud could face serious consequences. ‘Knew or should have known’ …

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Export low value parcels to the EU? new rules from 1 July

2 minutes to readIf you are a United Kingdom e-commerce business sending consignments to the European Union, be aware that the traditional duty-free threshold for small parcels is being abolished. A new flat-rate duty will come into force on 1 July for low value shipments. At present, small parcels valued at less than EUR 150 enter the EU …

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Companies House changes for small companies & micro entities

< 1 minute to readSmall companies and micro entities will be required to file profit and loss accounts with Companies House from 1 April 2028, but will be able to opt out of publishing this information to the public register. The changes have been made as part of the ongoing reforms made to meet the needs of the Economic …

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MTD – Making sure you have the right software

< 1 minute to readThere are several ways our team can help make the transition to Making Tax Digital (MTD) for Income Tax straightforward. Accountancy, bookkeeping and personal banking software and apps are continuously updating. They offer landlords and self-employed individuals the functions they need for MTD record keeping and submissions. Quarterly updates are sent to HMRC from this …

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