CIS returns

CIS returns

Top UK Accountants supporting Small to medium size businesses with all their accounting, tax & business advisory requirements. Tailor-made services at fixed monthly fees.

If you work in the construction industry, you are likely familiar with the Construction Industry Scheme (CIS). In simple terms, under this scheme, a contractor will be required to withhold a portion of the payment from a subcontractor and remit it to HMRC (Her Majesty’s Revenue and Customs). Due to our specialization in CIS tax returns, we have expertise in payroll matters and are able to assist you with any CIS-related requirements you may have. Our team can assist you in alleviating this burden by providing advice on the best approach or by submitting your tax returns on your behalf, whether you are contemplating hiring subcontractors and are concerned about the implications of the CIS or worried about penalties for not completing complicated CIS tax returns.

Submitting CIS returns for your business in London

If you are a contractor, it is mandatory for you to electronically file your CIS returns every month and verify the subcontractors you hire. We can handle this entire process on your behalf, ensuring that your returns are submitted accurately. We will take care of the complex paperwork involved and calculate your CIS deduction, providing you with a clear understanding of the amount you need to pay HMRC. With our extensive experience in this field, we can efficiently handle your CIS returns, allowing you to save valuable time and money.

Registering for CIS returns

Our team of experts is here to provide comprehensive support regarding all aspects of CIS returns, ensuring your compliance with the relevant regulations, regardless of whether you are a contractor or a subcontractor. Our expertise in the construction industry has been developed over the years as we have assisted a number of clients and businesses in London.

Register as a contractor

CIS registration is required if you employ subcontractors for construction work or spend more than £3 million on construction in the 12 months following your first payment. If you would like us to handle this process for you, we can ensure that you do not face any penalties.

Register as a subcontractor

In order to receive payment for your work as a subcontractor, you are not required to register for CIS. However, if you do not register for CIS, you will face larger deductions from your payments. By ensuring that subcontractors are registered, we can minimize the amount of CIS deductions they must make.

Your Own Dedicated Accountant

Modern Accountants With Traditional Values

We Are Chartered Accountants with over 30 years of experience bringing comprehensive Accounting and Tax services to Businesses & Individuals throughout the UK.

Supporting you with CIS refunds

If you are concerned that you have been paying excessive amounts on your CIS returns, we would be glad to assist you. In order to address these situations, we have established the following process:

  • A member of our team investigates your claim, keeping you updated on the process and calculating how much of a refund you may be entitled to.

  • We submit your claim to HMRC once we have clarified and agreed with you on how much you are entitled to.

  • HMRC processes this claim, and if successful, you are entitled to keep the amount awarded.

Your Own Dedicated Accountant

Tax Accountants in Clapham

Our firm has been providing comprehensive accounting and tax services to individuals and businesses throughout the London.

The right TAX solution for your business

  • Audit and Assurance
  • Bookkeeping and Management Accounting
  • Corporate Finance
  • Corporate Tax
  • Payroll Accounting
  • Personal Business & Partnership Tax Accounting