Barwell Accountants

21/05/2026

HMRC mileage rates have increased for the first time since 2011 🚗

See below for the new rates effective from April 2026 👇

07/05/2026

Hi,

Please see the below important information for the contractors to be aware of.

CIS on subcontractors from 6 April 2026:

As the rules currently stand, when contractors pay subcontractors within the construction industry scheme, 20% CIS tax should be deducted (30% for unregistered sub-contractors). A submission to HMRC must be made monthly for all CIS deducted. This applies to all subcontractors unless they have gross payment status. Materials being reimbursed alongside the CIS, must be paid to the subcontractor in full, but also reported to HMRC on your monthly CIS return.

From 6th April changes have been made by HMRC, to ensure contractors and subcontractors are complying with the above regulations.

-If a subcontractor is found to not have been paid correctly by having the relevant tax deducted from the labour cost, the contractor will face a penalty of 30% of the deduction which should have been made.

-If a contractor has not taken the appropriate action ensuring subcontractors have been paid correctly, they are at risk of the loss of their gross payment status for up to 5 years if they currently hold this.

-HMRC have also clamped down on the lack of filing monthly CIS returns. If a contractor fails to submit their CIS on time. Now you will receive a monthly fixed penalty of £100, a second late submission a fixed penalty will be charged at £200.

Then a tax-geared penalty at 6 months of a minimum of £300 or 5% of any liability which should have been shown on the return.

A further penalty at 12 months — the amount of this penalty will depend on why the return was late.

This means the responsibility as a contractor to ensure your subcontractors tax treatment is correct is essential. Before engaging with a new subcontractor, ensure that they are CIS registered and confirm the correct tax treatment before paying the subcontractor, so they will need verifying before any payment is made. This will ensure that submissions are made on time to avoid unnecessary fixed penalties.

Please do contact us if you have any queries with any of the above.

22/04/2026

Huge congratulations to our Marathon finishers 👏 Claire, Lisa and Lucy completed the 26 miles and 385 yards on Sunday in the Manchester sunshine.

They have been training for a year for the event, which involved lots of early morning long runs. There have been highs and lows along the way, as well as a few lost toenails!

We are so proud of their efforts, and the next challenge for the ladies is the GEAR 10k on 3rd May, which should be an easy sprint after the marathon 🤣

13/04/2026

Thank you Sage for these lovely MTD cookies! 😋

02/04/2026

Making Tax Digital is coming into effect next week. See video below to find out more.

31/03/2026

With the new tax year approaching, there are several important payroll changes you'll need to be aware of ready for this new year.
⬇️Read more below⬇️

30/03/2026

3.5T HorseBox Hire in Wisbech - Share away

11/02/2026

We enjoyed a great team day out yesterday and visited Escape Rooms King's Lynn and luckily managed to escape. So we're back in the office as normal today 😂🧩

10/02/2026

23/12/2025

We are now closed for the Christmas period and will reopen on Monday 5th January 📅

Thank you to all our clients for your support throughout the year. We wish you a Merry Christmas 🎅✨ and a Happy New Year 🎉