CIS regulations are making it increasingly complicated to employ sub-contractors. Administering the system is complex and costly plus there are hefty fines for non-compliance.
Every month a CONTRACTOR must complete a return to HMRC, even if no payments have been made. If this return is NOT submitted to HMRC by the 19th of each month there will be an automatic £100 penalty applied.
If you are employed on the CIS tax scheme our no rebate no fee service can help further.
A self assessment tax return service specifically for the CIS scheme has proved popular since the schemes introduction, with the majority of our new clientele referred by existing clients.
The CIS tax rebate service includes:
1. Claiming the maximum possible tax relief on expenses.
2. Completion of Self Assessment tax return and submission to the Inland Revenue.
3. Checking and agreeing tax calculations issued by the Inland Revenue.
4. Production of a profit and loss account.
5. Checking previous year's tax position allowing for any further tax rebates to be issued.
© Accountica Ltd 2009. All Rights Reserved.
71A Bell road, Housnlow, Middlesex TW3 3NX
Tel: 0845 519 0845
Fax: 0808 280 1197
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