CIS (Construction Industry Scheme)
Fed up of verifying subcontractors… we can ease the headache and help.
If you are trading within the Construction Industry Scheme, let a Mind of Figures take care of your monthly submission to HMRC.
We can help by verifying the subcontractors that work for you and ensuring the correct tax treatment has been applied and you are making the correct payment to each subcontractor as well as submitting your returns all within the HMRC deadline.
If returns are submitted late, HMRC will instantly issue a £100 fine, all returns from 6th – 5th of the following month and need submission by 19th of the same month, we can assist by ensuring deadlines are met, advise you of any liabilities owing to HMRC and send you the CIS statements for you to forward onto your subcontractors.
We do full reconciliations each month to make sure all figures reported to HMRC match that of your Customer, as failing to do this can cause delays of any CIS tax refund that’s due at the end of the tax year.
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CONTACT US NOW TO DISCUSS YOUR NEEDS. A NO OBLIGATION, NO FEE CONSULTATION