CONTRACTORS CIS RETURNS

Any building/construction company registered in Great Britain is oblige to comply with Construction Industry Scheme regulations (British construction regulation),  these obligations mostly relates to verification and deducting provision for Income Tax (usually 20%) from all subcontractors that company is in contract with. Our efficient service which we provide for that aspect of the business includes:

• contractor CIS registration – we will quickly register your business as a contractor (in CIS scheme) – this service is free for all our clients who decide to stay with us.

• completing and filing Contractors CIS returns – all UK building/ construction companies which deal with subcontractors are oblige to deduct provision for Income Tax from its subcontracts and filing monthly returns to HMR&C within 2 weeks from the month end. Unfortunately, if you complete the return wrong or filed it too late, then you will be penalized for it (minimum Ј100). To avoid such problems we are offering our services which save you time and hassle of dealing with revenue office (HMR&C)

• making payments – for convenience of our clients we also offer making monthly payments of subcontractors tax to revenue office

• verification of subcontractors – according to new CIS regulations, employer must verify status of each subcontractor before he enters into contract with him. That requires regular liaising with HMR&C which is not a complicated but a time consuming task, in which we can help you with.

 

PLEASE SEE OUR CONTACT DETAILS BELOW: