Sapphire Business Services

We have created a series of Toolkits, to help Small Businesses, Sole Traders and Landlords navigate to the right place for the information that you need. Construction Industry Scheme (CIS) http://www.sapphirebusinessservices.co.uk/wp/construction-industry-scheme-cis/. Off Payroll Working (IR35) http://www.sapphirebusinessservices.co.uk/wp/off-payroll-working-ir35/.

We have created this Making Tax Digital (MTD) Toolkit for Small Business, Sole Traders and Landlords to help you successfully move into the Digital Era. Making Tax Digital, or MTD for short, is the name given to the government initiative that seeks to modernise and improve the processing of returns for all taxes, meaning more accurate and timely information available to HMRC and better liability predictions available for tax payers.

The SME Brexit Support Fund could give you up to 2,000 to help with training or professional advice, if your business has up to 500 employees and no more than 100 million annual turnover. You need an EORI number that starts with GB to import goods into England, Wales or Scotland. You'll need a new one if you have an EORI that does not start with GB.

The deductions count as advance payments towards the subcontractor's tax and National Insurance. The subcontractor includes deductions on their self assessment tax return and they are offset against the liability due. Contractors must register for the scheme. Subcontractors don't have to register, but deductions are taken from their payments at a higher rate if they're not registered.