Under the CIS contractors deduct money from a subcontractor’s payments and pass these onto HMRC.
These deductions count as advance payments towards the subcontractor’s tax and National Insurance.
This scheme can be a complicated process, which could result in HMRC penalties if returns are not submitted correctly or on time.
NS24 can assist with:
- Registering your scheme
- Validating contractors with HMRC
- Filing CIS returns
- Reclaiming CIS suffered