CIS Contractors

CIS Services for Contractors and Subcontractors in London

At KN Morris Tax Consultancy, we offer comprehensive CIS services for contractors and subcontractors in London. Our experienced accountants can help you meet your obligations under the CIS scheme and ensure compliance with HMRC regulations.

Services for Contractors:

• HMRC Registration: We can register you as a contractor with HMRC and ensure you comply with all relevant regulations.

• Subcontractor Verification: Our team can verify your subcontractors with HMRC and make sure you pay them correctly within the scheme.

• Record Keeping: We will keep your records in good order and supply HMRC with monthly returns to avoid penalties.

Services for Subcontractors:

• HMRC Registration: Our team can determine your status as a subcontractor or employee and register you with HMRC accordingly.

• Verification: We will verify you with HMRC on behalf of your contractor and manage your business records.

• Tax Return Preparation: We will prepare your end of year self-assessment tax return and calculate your tax liability/refund where applicable.

CIS Obligations for Contractors and Subcontractors:

Contractors and subcontractors have specific obligations under the CIS scheme that must be met. Contractors must register with HMRC, check if their subcontractors are registered, pay subcontractors correctly, deduct tax and submit monthly statements confirming payments. Subcontractors, on the other hand, must register with HMRC and keep them informed of any changes to their business.

At KN Morris Tax Consultancy, we stay up to date with any changes to CIS regulations, ensuring our clients are notified quickly of any changes that may affect them.