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Once a month we'll send you an email packed full of essential business news and handy tax tips to help save you money.

17 May - HMRC launch special bereavement services
14 May - Last Day for Electricians' Tax Safe Plan
13 May - Agricultural Property Relief Confusion
13 May - HMRC Publishes New IR35 Guidance - Whom Does it Really Help?
12 May - Digital Exclusion - HMRC IS Leaving People Behind Despite Government Assurances, says LITRG
09 May - Tax Barrister Forces HMRC Climb Down on P35 Contractor Question: Just Say No
09 May - Online Sellers have One Month to Register for Tax Opportunity
09 May - RTI Pilot Forges On
09 May - Small Donations to Charities to Qualify for New Top-Up Payments
09 May - Employers' Annual Return Form P35 - Is a Return Actually Due?
06 May - NIC Update May 2012
06 May - Business Property Tax Relief and Holiday Lets
06 May - Editorial: The Proposed General Anti-Avoidance Rule - Will it Really Help?
02 May - Government is being Hypocritical when Dealing with Individuals Through Limited Companies
01 May - HMRC Promotes the Alternative Dispute Resolution Service for Smaller Businesses - Now Online

Should you buy in or manufacture materials?

Sometimes, manufacturers have difficulty in deciding whether to manufacture materials for a finished product in-house or to buy them in from outside.

Although the principal consideration is financial, there are also other factors that need to be weighed.

The following checklist will help you focus on the most important factors:

	Yes	No
Does demand for the finished product seem relatively buoyant for the foreseeable future?
Does demand for the finished product tend to fluctuate?
Do you have unused plant and labour that could be utilised to manufacture the materials?
Could you achieve greater economies of scale by manufacturing in-house than you could by buying in?
Would manufacturing in-house give you greater control over such things as the quality of the materials and delivery time?
Could you manufacture in-house without having to recruit extra labour?

Every 'Yes' answer is a case for manufacturing in-house.

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