Fact Sheets

Here you can download fact sheets as pdf’s which you can either print off or save on your computer so you can review them anytime.

Construction Industry Scheme

The Construction Industry Scheme (CIS) sets out special rules for tax and national insurance (NI) for those working in the construction industry. Businesses in the construction industry are known as ‘contractors’ and ‘subcontractors’. They may be companies, partnerships or self employed individuals.

IR 35 Personal Service Companies

The IR35 rules are designed to prevent the avoidance of tax and national insurance contributions through the use of personal service companies and partnerships.

The rules do not stop individuals selling their services through either their own personal companies or a partnership, however, they do seek to remove any possible tax advantages from doing so.

Research and Development Tax Credits

Research and development (R&D) by UK companies is being actively encouraged by Government through a range of tax incentives. The incentives are only available to companies and include:

  • increased deduction for R&D revenue spending and
  • a payable R&D tax credit for companies not in profit

VAT Registration

VAT is a tax that is charged on goods and services that are provided in the UK. It is also charged on some goods and services which are imported from the EU. There are special rules for the provision of some services.

Working From Home

Working from home has many advantages in that business start-up costs are low, which allows you to be more competitive in the market place to gain business. You can work the hours you want when you work from home. Ensure that your insurance covers what you are going to be doing. Often insurance for household purposes won’t cover a business computer. You may be able to claim tax relief for some of the bills you have to pay because you have to work at home on a regular basis.

PDF files

PDF (Portable Document Format) is an electronic file format that can be viewed in modern browsers or saved and viewed offline. To view PDF files you may need to download Adobe PDF Reader. The latest version can be downloaded free of charge here.

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