Monthly Archives: October 2014

National Insurance Demands

October 25th, 2014

It seems that HMRC is trying to gather every penny in tax and national insurance contributions (NIC), from every possible source. Recently it has been demanding payment of class 2 NICs from landlords and investors in investment partnerships. If you get a bill for back-dated class 2 NICs should you pay it? The annual class […]


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Understanding CIS

October 19th, 2014

  If you are a contractor in the construction industry it is essential that you deduct the right amount of Construction Industry Scheme (CIS) tax from payments you make to subcontractors. A common misunderstanding about the CISĀ is that deductions of CIS tax only have to be made from labour costs. This is not the case, […]


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