CIS Returns

Whether you are a contractor or subcontractor as expert CIS accountants, we can help you and your business comply with the complex CIS tax rules.

Every month contractors must file a CIS return to HMRC by the 19^th of the month. The contractor must identify all payments to subcontractors in that tax month including:

• Subcontractors name
• Verification number
• Gross amount
• Materials amount
• Tax deducted

If a contractor does not file a monthly return, HMRC will assume that the CIS return is late and will issue a CIS penalty of £100.

Filing CIS returns each month can feel like an unnecessary administrative burden placed on you. If you are a newly registered contractor and need some assistance or if you are an existing contractor that doesn’t have the time and wants to be relieved of this burden, then contact Bell and Summers accounting.

At Bell and Summers Accounting, we understand the burden the scheme has placed upon contractors and subcontractors who just want to run their businesses.

By appointing us as your expert CIS accountant we can assist and file CIS monthly returns and provide you with the peace of mind that your paperwork is in hand and is being dealt with by experts in this area of tax compliance. Click here to get in touch with us to find out more information.

CIS accountants for contractors

As expert CIS accountants we will complete the following for your contractor business:

• Register your business as a contractor with HMRC
• Verify new subcontractors and inform you of the correct tax deduction rate
• Send you a reminder every month when it is time to file your CIS return
• Check all CIS tax deductions including qualifying materials
• Complete payment and deduction statements to provide to your subcontractors
• Submit your monthly CIS return to HMRC
• Register ourselves as your agent, which authorizes us to deal with all your HMRC correspondence
• Represent you in any HMRC investigation
• Provide ongoing advice and support
• File everything accurately and on time ensuring all penalties are avoided

CIS accountants for subcontractors

As your expert CIS accountants, we will complete the following for your subcontractor business:

• Check your tax status to confirm whether you are a subcontractor or an employee
• Register your business as a subcontractor with HMRC
• Advise on gross payment status and register for gross payment status with HMRC (if preferred)
• Reconcile all CIS deductions with your sales invoices
• Complete your tax returns on time
• Calculate tax refunds ensuring the largest repayment possible
• Chase up tax repayments with HMRC
• Register ourselves as your agent, which authorizes us to deal with all your HMRC correspondence
• Represent you in any HMRC investigation
• Provide ongoing advice and support
• File everything accurately and on time ensuring all penalties are avoided

At Bell and Summers Accountants, we are experts within all aspects of the CIS Scheme. We will save you time and hassle allowing you to run your business and grow.  Click here to get in touch with us to find out more information.