Contractors in the HMRC CIS scheme are under many obligations, some of these can seem a little baffling and time consuming tasks.
HMRC requires that you must first register as a contractor with them, verify each and every sub-contractor you are using and deduct a percentage of tax at payment. At the end of each month, a statement for each sub-contractor that is being paid must be produced with the relevant information and a monthly CIS return must be submitted to HMRC within the deadlines. The total amount of tax deducted from the sub-contractors must then be paid to HMRC.
Our service includes: