At LT Accounting, we recognise that keeping up-to-date with the latest accountancy news and regulatory changes is not merely a requirement—it’s a strategic edge for your UK business. Our knowledge hub is committed to delivering the most current and influential accounting insights, trends, and updates.
How CIS Affects Subcontractors
If you work in construction as a subcontractor, CIS is likely to affect how and when you get paid. It is one of the most important tax systems in the industry, yet it is often misunderstood. Many subcontractors know that “something gets taken off” by the contractor, but are less [...]
Tax Allowances for 2026/27: What UK Taxpayers Need to Know
The 2026/27 tax year runs from 6 April 2026 to 5 April 2027, which makes this the ideal time to review your tax position before opportunities are lost. Many people only think about tax allowances when they come to complete their tax return, but by then some of the most [...]
How CIS Affects Contractors
The Construction Industry Scheme (CIS) is one of the most important – and often misunderstood – tax regimes affecting contractors in the UK construction sector. Whether you operate as a sole trader, a partnership, or a limited company, CIS has a direct impact on how you pay subcontractors, manage cash [...]
Contractor vs Subcontractor: CIS Differences
Why Understanding CIS Roles Matters In the UK construction industry, few tax schemes cause as much confusion as the Construction Industry Scheme (CIS). Whether you are running a construction company, working as a sole trader, or operating through a limited company, understanding the difference between a contractor and a subcontractor [...]
CIS Requirements for Subcontractor
For those working in the UK construction sector, understanding the Construction Industry Scheme (CIS) is not just advisable – it’s essential. Whether you're a sole trader, part of a partnership, or operating as a limited company, subcontractors must be aware of their legal obligations under the scheme. Failure to comply [...]
CIS Requirements for Contractors: Everything You Need to Know
The Construction Industry Scheme (CIS) is a key part of the UK’s tax framework, governing how payments are handled from contractors to subcontractors in construction work. As a contractor, it’s vital to understand your responsibilities under CIS—failure to comply can result in expensive penalties and cash flow problems. This guide [...]