CIS tax is the tax which applies to the Construction Industry Scheme and is applicable to most contractors working in the construction industry. The requirements can be complicated but with our experience and knowledge we can ensure you stay compliant. Let us calculate and submit your CIS returns and remove your administrative burden.
TAKING CARE OF
Your CIS compliance
Contractors must register for the scheme and file monthly CIS returns to HMRC. Under the scheme, contractors must deduct basic rate tax from subcontractor’s payments and pass the deduction onto HMRC on account, for the sub-contractor.
It is important to make submissions accurately and promptly to avoid HMRC enquiries and delays in re-payments due to sub-contractors.
Sub-contractors that do not register for the CIS run the risk of having tax deductions made at a higher rate. It is therefore advisable for sub-contractors to register under the CIS and complete an annual self-assessment tax return to claim any overpaid tax.
Why choose Samuels?
We know how important your business is. Let us ease your administrative burdens.
Reduce your administration and let us submit for you
We will notify you in good time so you can meet your filing deadlines
Reduce unnecessary costs and interest
Stay up-to-date and meet your statutory obligations
Assistance and advice at all times
Calculations performed and provided for your review
We assist contractors and sub-contractors alike
We make the registration and regular submission process simple and tailor it to your business. We help clients submit their CIS returns each month before the deadline so that they avoid penalties for late submission.
We can help you register, prepare and submit your annual self-assessment tax returns. This is important as most CIS sub-contractors initially 'over-pay' tax as the payments made on your behalf to HMRC do not allow for business expenses on things like tools and materials. We advise and assist you in deducting legitimate business costs, in turn increasing the size of the tax refund you are likely to receive.
We will perform all the necessary calculations on your behalf, allowing you to focus on what really matters, developing your business.
We understand that successfully managing your payroll process is one of the most important functions of your business. W..
Find Out More
The law on workplace pensions encourages people to save for their retirement and now requires employers to provide a pen..
Find Out More
Benefits in Kind (P11Ds)
Benefits in kind are non-cash benefits with a monetary value that are provided to employees. They are not always obviou..
Find Out More
We're counting on you
Book your FreeConsultation today
Whether you are an established business or a new start-up looking for help to get your new venture off the ground, we think you’ll find our tailored approach refreshingly different to most other accountants.