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CIS tax FAQ's
Tax Glossary
Tax Forms Explained
CIS stands for the Construction Industry Scheme. Sub contractors who work for different main contractors as part of their everyday job need to register for this scheme. These main contractors take tax off your gross income each month; you then need to complete a self assessment tax return at the end of the tax year to work out your overall taxable position. Read the rest of CIS Tax Returns
The phrase self assessment relates to the fact that it is now the taxpayers responsibility to inform HMRC about their tax affairs during the year concerned. Read the rest of Self Assessment explained
Self assessment was introduced in 1998 as the way taxpayers would inform HM Revenue of the income they have received during a tax year. The phrase self assessment relates to the fact that it is now the taxpayers responsibility. Read the rest of Tax returns - key dates for self assessment
Most people pay their tax as they go along by having it deducted from their wages by their employers. If however you are not employed but still have income that is taxable you will need to register with HMRC and complete a self assessment tax return each year. Read the rest of Who needs to complete a tax return?
