CIS Subcontractors

Whether you’re new to contracting, or a seasoned pro. We’ll clearly explain everything you need to know about CIS and help with everything you need to set up. We’ll make sure your affairs are structured in the most tax-efficient way possible and we’ll keep reviewing your account to make sure it stays that way. We’re qualified, we’re experienced and we’re specialists.  You can relax and trust that everything is taken care of and your earnings are being maximised.

As a result, it is becoming more and more common that H.M. Revenue & Customs are carrying out Employer Compliance Reviews to ensure that businesses are correctly dealing with Employment Taxes, and where sub-contractors are used, to ensure that the new regime is being correctly operated. This will include a comprehensive review as to the status of any subcontract labour that is used.

Although the new sub contractor regime has highlighted the fact that more consideration has to be made as to the employment status of a sub – contractor, it has always been the responsibility of the employer to ensure that the status of persons whom carry out work for the company is correct. i.e. employed or self employed.

The main issue with sub – contract labour is the fact that the employer is not responsible for any National Insurance Contributions.  Whereas both Employee’s National Insurance of 11% and Employer’s National Insurance of 12.8% is deducted from employees of the business. The Inland Revenue therefore feel that they are ‘out of pocket’. They are tightening up on sub-contractors who should be treated as employees.

1 to 1 Accountancy can provide advice and assistance
on all aspects of the CIS Scheme

 

FREE Initial Consultation call us on 01633 250530