Contractors have to make monthly CIS returns to HM Revenue and Customs of the deductions that they have made from subcontractors and account for the tax deducted. If you have suffered CIS tax then Together We Count can account for this in the monthly CIS returns.
Together We Count can advise on whether you are using genuine subcontractors or if they are in reality employees, and we can get you through the maze of legislation to help you understand the CIS rules as they apply to your individual business.
We can verify subcontractors online with the HM Revenue and Customs gateway, identifying the CIS deduction rate to be applied by the contractor. Getting it right on your behalf, to avoid penalties later on.
Together We Count can prepare and send monthly CIS returns online for you, ensuring instant approval and compliance, whilst producing the payslips in exactly the right format to allow the subcontractors to recover the tax deduction suffered.
Full reporting to you the contractor, to HM Revenue & Customs and to the subcontractor (including reprinting documents) can all be undertaken by Together We Count.