CIS Subcontractor Accountants London

We are the best CIS Sub Contractor  Accountants based in London

We are specialist CIS Subcontractor Accountants in London, Within the Construction Industry Scheme (CIS), contractors deduct money from a subcontractor’s pay, which is then passed onto tax authority, HMRC. The CIS deductions are balanced off in the tax payers’ return at the end of the tax year and there may be a refund or additional tax to be paid after taking into to consideration the CIS advance payments.

 How CIS Scheme Works?

It is mandatory for contractors to register for the CIS scheme.
Subcontractors have a choice not to register, but CIS deductions are taken at 30% rather then 20% from their pay if they have not registered.

How we can help?

There rates vary from  0-30% this will depend on the eligibility of the subcontractor. The purpose of CIS is to reduce tax evasion in construction industry, as this method takes tax in advance and ensures subcontractors register for self assessment. The process is complex and requires handling the expertise of CIS specialists in order to ensure that the process is prepared and filed correctly..

For more information on CIS subcontractor accountancy services, contact GM Professional Accountants

GM professional Accountants are Accountants based in London, our Tax advisors are specialists in small businesses and self employed individuals. we offer the whole package from registering you as self employed to bookkeeping services as well as the final accounts and tax returns. Manor park office address, 47 Gladstone Avenue, Manor park, London, E12 6NR, Ilford office address, Unit 14 Clements Court, Clements lane,Ilford,Essex,IG1 2QY Tel: 0208 396 6128,