If you are a contractor working in the construction industry, you are required to operate CIS for any subcontractors you engage.
Caroline Streatfield Bookkeeping CIS service includes:
- Registration with HMRC for a CIS scheme if required.
- Verification of new subcontractors.
- Monthly CIS returns submitted to HMRC with advice on the amount payable.
- Certificates for subcontractors, as required under CIS regulations.
Total package from £35 per month
For subcontractors a deduction of 20% on labour will be made by the contractor. This may mean that a tax refund will be due at the year end. A self assessment tax return will be required and is offered at £197 per return. Should a repayment be due, HMRC aim to process your claim within 3 weeks.
Please call on 01323 885205 to discuss your requirements.