Dealing with other people’s taxes can be very time consuming and very stressful; making sure you have deducted the right amount of tax and reported it to HMRC every month.
Taking on subcontractors under the Construction Industry Scheme (CIS) should not be stressful or time consuming. Whether you have had many subcontractors in the past or you are new to dealing with subcontractors, the process is exactly the same which means we are able to give you a great deal of experience and knowledge surrounding this tax.
Making sure your subcontractors are verified is probably one of the most time consuming parts of the process. If you are given wrong information, such as a wrong digit in their UTR, you will be unable to verify them. Lesstax2pay makes your life easier dealing with subcontractors as we will take the information from you and process it with HMRC. If any queries arise we will report back to as soon as possible. We also deal with deductions you have suffered which need to be reported to HMRC as part of your PAYE Record.
As CIS is part of the PAYE Tax Scheme, by being a client of ours we will also be your tax agent for this service which allows us to liaise with HMRC on your behalf.
We include the following as part of our service:
- Verify Subcontractors – based on details you give us
- Complete and submit the CIS Return with HMRC
- Be Your CIS Agent with HMRC
- Submit CIS Deductions you have suffered to HMRC
- Do CIS Reconciliations
- Request Offsets or repayments back to you if there is an amount due
If you wish to find out more about our CIS Service as well as our other services, then please feel free to contact us via the online form below or to find your local office please click the contact us page.