Rates of the tax deduction for registered & unregistered subcontractors

If you are a registered subcontractor, the contractor will deduct 20% tax from your salary. For unregistered subcontractors, the rate hikes to 30%.  This registration step is very important. It has been observed that many subcontractors are unaware and keep on paying CIS at 30%.
Learn more here. 
 

Here at IBISS & CO, our experts have claimed an average of 2,000 pounds for each CIS subcontractor.
They can do the same for you.

Get financial support up to £10 million under Recovery Loan Scheme

The government has replaced CLBILS (the Coronavirus Large Business Interruption Loan Scheme, CBILS (Coronavirus Business Interruption Loan Scheme), and BBLS (Bounce Back Loan Scheme) with Recovery Loan Scheme. 

Also, learn what makes RLS superior to previous Covid-19 support schemes.

Do you own cryptocurrency? If yes, learn how cryptocurrencies are taxed in the UK.

You will owe VAT if you supply any service or goods in exchange for any cryptocurrency including Bitcoin. 

There are exemptions, too. Read this article to find more.

WARNING! 
HMRC can easily trace your "UNDISCLOSED RENTAL INCOME"

There are 1.5 landlords in the UK who either do not disclose their rental income or under-declare it to evade taxes. 

HMRC has tools to trace tax evasion. They not only recover unpaid taxes along with the interest but also slap penalties up to 100%, and publicly name and shame the culprit.

If you have any undeclared property income, you must use HMRC’s Let Property Scheme at the earliest. We at IBISS & CO can assist you.