If you are working as a contractor, or a labourer you may need to comply with a number of tax rules that you are currently unaware of.
Most contractors who are doing work for a larger company will be registered or need to register for CIS. Generally the company employing you will ask for your CIS registration details, but even if they don’t it may not exempt you from being registered or settling your tax through the CIS scheme.
Furthermore, you may need to complete a personal tax return, as if you are registered for CIS under the net scheme, then your personal allowance will not have been taken into account and you may be due tax back.
If you are a company employing contractors, you may need to register for CIS and an employer and correctly collect and pay CIS tax to HMRC. Not doing this may leave you open to paying tax at a later date, with no clawback from the contractors you employed.
If you are unsure about your tax position, need help with or need to register for CIS we can help, please get in touch.
We take a unified and unique approach to accountancy; providing an individual service to our clients
Time & Dedication
We take the time to offer proactive and innovative advice that help our clients achieve their long-term goals
Our holistic approach offers a combination of professionalism, a personal touch and attention to detail
Every one of our professional team is a member of one or more of the ICAEW or the ACCA
It’s great that I always get to speak to the same Partner who knows our situation, so I don’t need to keep repeating things.
When we came to Hamlyns, we were a start up business. In a few years, they’ve really helped us become a major player in our sector.
We have been working together for over 10 years and our relationship is vital to the success of our business; I would not hesitate to recommend them.
I appreciate Hamlyns expert and informed guidance and helpful approach.
Hamlyns took the stress away by anticipating and understanding what I needed.
Hamlyns gave me great advice and hand-holding to ensure my exit from the company was quick and clean. I am also thousands of pounds better off. Thank you, thank you.
Hamlyns treat me as an individual. I don’t feel like “just another client” to be processed.
Chris and his team gave us precisely the advice our business needed, even before we knew we needed it!