Special tax rules apply to subcontractors working in the construction industry. The Construction Industry Scheme (CIS) outlines these rules and how payments are to be processed by contractors.
Construction Accountants in London
With specialist experience within the construction industry, Perrys’ specialist accountants can assist in the specialist tax rules applied to firms operating within the construction industry. Our expert team can confidently guide your business and assist with the following:
- Subcontractor HMRC deductions for National Insurance and tax purposes
- Day-to-day bookkeeping services
- VAT returns, advice and information
- PAYE services for construction companies
- HMRC Contractor Registration
- Deduction statements for subcontractors
- Monthly HMRC returns
- Full CIS compliance & CIS registration
Our accountants provide a full-service managed accountancy package to help to keep your tax, VAT, and specialist tax issues in good order.
CIS Tax Returns & Subcontractor Accounting Services
As the Construction Industry Scheme (CIS) outlines the rules between contractor and subcontractor payment deductions, there are often tax refunds due to subcontractors. In this situation, Perrys can assist in reclaiming these overpayments with our comprehensive CIS Tax Return service.
A subcontractor is defined as someone who performs work for a contractor, and is not currently employed under PAYE.
In this situation, a subcontractor typically invoices the contractor for the work. A subcontractor is a self-employed business with their own accounts to prepare.
Our specialist team of building and construction industry certified accountants are able to help subcontractors prepare CIS tax returns, accounts and other paperwork needed to keep them HMRC compliant.
Perrys Chartered Accountants in London, Kent and South East England
Our team work alongside businesses operating throughout London and Kent. We can also help businesses within the South East of England and further afield with construction tax accounting issues and VAT queries.
Victoria has looked after the tax affairs of my consultancy for 20 years. Throughout that time, her work has consistently met high standards of accuracy and presentation.
Steve makes me feel that I am his only client, perhaps I am?