GM Accountans & Tax Consultants

Inheritance Tax (IHT) is one of the UK's most misunderstood taxes. Many people assume it only affects the wealthy, but with rising property values and increasing personal wealth, more families are finding that their estates may be liable for Inheritance Tax.

In this guide, we explain how Inheritance Tax works in the UK, who pays it, current tax thresholds, available exemptions, gifting rules, and practical estate planning strategies.

How Inheritance Tax Works in the UK: Rates, Allowances and Exemptions - Tax Consultant | Business & Property Tax Advisors | VAT Consultant Inheritance Tax (IHT) is one of the UK’s most misunderstood taxes. Many people assume it only affects the wealthy, but with rising property values and increasing personal wealth, more families are finding that their estates may be liable for Inheritance Tax. Without careful planning, a significant...

If you work in the UK construction industry as a subcontractor, CIS gross payment status can significantly improve your cash flow. Instead of having tax deducted from each payment, this CIS status allows you to be paid in full and handle your tax obligations later.
This guide explains what CIS gross payment status is, how it works, who can apply, and the requirements you need to meet.

CIS Gross Payment Status: How to Receive Full Payments Without Tax Deductions - Tax Consultant | Business & Property Tax Advisors | VAT Consultant If you work in the UK construction industry as a subcontractor, CIS gross payment status can significantly improve your cash flow. Instead of having tax deducted from each payment, this CIS status allows you to be paid in full and handle your tax obligations later. This guide explains what CIS gross...

Get your CIS tax refund without paying a penny upfront. Expert submission, maximum refund guaranteed, and no payment until your money is in your account. Submit today and claim what’s yours !

f you are a subcontractor working under the Construction Industry Scheme (CIS), important tax reporting changes are coming.

The UK government is introducing Making Tax Digital for Income Tax, which will significantly change how self-employed individuals report their earnings to HM Revenue & Customs.

From April 2026, CIS subcontractors will be required to follow the new digital reporting system.

Here is everything you need to know.
https://gmtaxconsultants.co.uk/blog/making-tax-digital-mtd-for-cis-subcontractors-your-guide-to-quarterly-tax-returns/

Making Tax Digital (MTD) for Income Tax requires eligible self-employed individuals and landlords to keep digital records and submit updates to HMRC. Follow our step-by-step guide to register and stay compliant .
https://gmtaxconsultants.co.uk/mtd-itsa/how-to-sign-up-for-mtd-for-income-tax-itsa/

A free and easy-to-use Gross Profit Calculator that quickly calculates profit by subtracting cost of goods sold from revenue.
Get instant insights into profit margins to improve pricing, control costs, and boost your business profitability.
https://gmtaxconsultants.co.uk/gross-profit-calculator/

Calculate VAT online instantly with our free, easy-to-use VAT calculator. No registration required!
https://gmtaxconsultants.co.uk/vat-calculator/

MTD for Income Tax has been introduced by HM Revenue & Customs (HMRC) and requires eligible self-employed individuals and landlords to keep digital records and submit updates using approved software.
Read this blog to understand How to sign up for MTD ITSA

How to Sign Up for MTD for Income Tax (ITSA) - Tax Consultant | Business & Property Tax Advisors | VAT Consultant MTD for Income Tax has been introduced by HM Revenue & Customs (HMRC) and requires eligible self-employed individuals and landlords to keep digital records and submit updates using approved software. To know in detail about MTD ITSA read this blog Making Tax Digital (MTD) for income tax self-assessm...

At GM Accountants & Tax Consultants, our team of qualified accountants can support and guide you with Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) and other tax matters, at competitive and affordable prices.

If you choose us as your accountant:

You would not deal with HMRC directly
You would not need to research software
You would not manage quarterly submissions
You would not worry about compliance
We register you for MTD free of charge and manage the entire process from start to finish.

Please feel free to contact us for expert advice. If you are unable to visit our office, we can arrange a call at a time that suits you. For further information, email us at [email protected] or call us on 020 3773 4123