tax Archives - Professional Builder

Fergus takes the stress out of ‘tax season’ for tradespeople
|Date: 3 February, 2025

Fergus takes the stress out of ‘tax season’ for tradespeople
For tradespeople across the UK, self-assessment tax returns and the end of the tax year in April is notor ...
For tradespeople across the UK, self-assessment tax returns and the end of the tax year in April is notorious for being one of the most stressful times of the year. The scramble for receipts, invoices ...
3 February, 2025
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HMRC now issuing more and more of its heaviest fines for VAT errors
|Date: 18 October, 2024

HMRC now issuing more and more of its heaviest fines for VAT errors
HMRC issues 38% more heavy fines as it cracks down on ‘deliberate’ VAT return errors VAT-related p ...
HMRC issues 38% more heavy fines as it cracks down on ‘deliberate’ VAT return errors VAT-related penalties totalled £153m in the past year HMRC is increasingly levying its heaviest penalties on ...
18 October, 2024
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Get ready and plan now for your tax obligations
|Date: 7 December, 2023

Get ready and plan now for your tax obligations
With the Chancellor’s Autumn Statement highlighting the need to manage inflation and rising costs, mainta ...
With the Chancellor’s Autumn Statement highlighting the need to manage inflation and rising costs, maintaining compliance with tax laws is more important than ever for all construction businesses, no ...
7 December, 2023
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CITB’s response to the Chancellor’s Spring Statement
|Date: 6 April, 2022

CITB’s response to the Chancellor’s Spring Statement
“The inclusion of insulation in the statement today is of real interest for us and industry. Meeting Net ...
“The inclusion of insulation in the statement today is of real interest for us and industry. Meeting Net Zero in construction is demand-led and the removal of VAT on energy saving materials is likely ...
6 April, 2022
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Are taxes about to get simpler for the self-employed?
|Date: 29 July, 2021

Are taxes about to get simpler for the self-employed?
Tax Preparation Specialist Welcomes HMRC Changes to Tax Reporting Rules Tax reporting rules for the UK's ...
Tax Preparation Specialist Welcomes HMRC Changes to Tax Reporting Rules Tax reporting rules for the UK's self-employed workers are due to get simpler after HM Treasury announced reforms to the taxatio ...
29 July, 2021
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Honest John evaluates the current road tax system
|Date: 28 May, 2021

Honest John evaluates the current road tax system
Government is considering road pricing and pay-per-mile schemes as it looks to plug £40 billion black hol ...
Government is considering road pricing and pay-per-mile schemes as it looks to plug £40 billion black hole in tax revenue, says Dan Powell of Honest John Vans. Honest John Vans is urging the Governmen ...
28 May, 2021
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How to prepare for your tax return
|Date: 1 December, 2020

How to prepare for your tax return
With the countdown to self-assessment upon us, Mike Parkes, Technical Director at GoSimpleTax, explains h ...
With the countdown to self-assessment upon us, Mike Parkes, Technical Director at GoSimpleTax, explains how you can get your house in order. The days are shorter and the temperature’s dropped. It can ...
1 December, 2020
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Firms urged to act now to take advantage of tax relief
|Date: 30 November, 2020

Firms urged to act now to take advantage of tax relief
Companies are being urged to act quickly to ensure they take full advantage of tax relief for the purchas ...
Companies are being urged to act quickly to ensure they take full advantage of tax relief for the purchase of plant and equipment. Currently the full cost of such purchases can be off set against tax ...
30 November, 2020
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How tradespeople can avoid being stung for tax they can’t afford
|Date: 25 November, 2020

How tradespeople can avoid being stung for tax they can’t afford
By Anish Mehta, UK Managing Partner at APARI If you're a self-employed tradesperson there are things you ...
By Anish Mehta, UK Managing Partner at APARI If you're a self-employed tradesperson there are things you can do now, before January's tax return deadline, to avoid being stung for tax you can't afford ...
25 November, 2020
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New app to help financial management and tax
|Date: 25 November, 2020

New app to help financial management and tax
Professional Builder’s Lee Jones talks to Tommy McNally, the developer of a new app that aims to take the ...
Professional Builder’s Lee Jones talks to Tommy McNally, the developer of a new app that aims to take the time and trouble out of financial management and tax. According to the old adage death and tax ...
25 November, 2020
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Reverse charge VAT changes delayed again
|Date: 10 June, 2020

Reverse charge VAT changes delayed again
The government has again delayed the implementation of the reverse charge VAT changes until 1st March 202 ...
The government has again delayed the implementation of the reverse charge VAT changes until 1st March 2021, this time as a result of the coronavirus pandemic. A cross-industry campaign, led by the Fed ...
10 June, 2020
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PAYE construction workers could be owed millions by HMRC
|Date: 28 April, 2020

PAYE construction workers could be owed millions by HMRC
Research by tax refund experts Rift Refunds has revealed that HMRC could be sitting on millions in unclai ...
Research by tax refund experts Rift Refunds has revealed that HMRC could be sitting on millions in unclaimed tax refunds owed to construction workers, who are either yet to claim or completely unaware ...
28 April, 2020
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Construction industry ‘not prepared’ for VAT changes
|Date: 24 July, 2019

Construction industry ‘not prepared’ for VAT changes
The Federation of Master Builders (FMB) has asked the government to delay bringing changes to VAT that ar ...
The Federation of Master Builders (FMB) has asked the government to delay bringing changes to VAT that are due to come into force in October. In a letter to the Financial Secretary to the Treasury, th ...
24 July, 2019
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How to take the strain out of doing the books
|Date: 19 June, 2019

How to take the strain out of doing the books
Lee Murphy, founder of Pandle, shares his advice on good financial management for your business. Working ...
Lee Murphy, founder of Pandle, shares his advice on good financial management for your business. Working hard on site all day and then arriving home to do the books can be a chore that you want to lea ...
19 June, 2019
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Getting ahead on your tax return
|Date: 13 June, 2019

Getting ahead on your tax return
Mike Parkes, technical director at GoSimpleTax, looks at what you can be doing as a self-employed builder ...
Mike Parkes, technical director at GoSimpleTax, looks at what you can be doing as a self-employed builder between now and 31 January to ensure that you don’t become one of the thousands filing late an ...
13 June, 2019
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Are you prepared for the taxman?
|Date: 2 April, 2019

Are you prepared for the taxman?
Steve Wade, MD of Rhino Trade Insurance, explains how you can cover yourself against the taxman. There is ...
Steve Wade, MD of Rhino Trade Insurance, explains how you can cover yourself against the taxman. There is a growing tide of sentiment among the self-employed that the taxman is on the war path. What m ...
2 April, 2019
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