QAccounting provides a self-assessment for CIS subcontractors at very competitive prices. If you are CIS registered and due a tax-reclaim, QAccounting charge a flat fee unlike other providers who take a significant percentage of your refund in commission. We will normally prepare your return within 24 hours from receiving the information required to complete it.
CIS Reclaim for Subcontractors
CIS Reclaim Protect
If you work for a contractor in the construction industry as a self-employed individual under the Construction Industry Scheme (CIS) the contractor is required to withhold tax payments made, unlike other self-employed individuals who receive payments gross. For £35 per annum we can also arrange for Tax Enquiry Insurance.
Registered CIS workers receive their payments net of 20% tax. If a subcontractor is unregistered, they will receive their payment net of 30% tax. It is also possible to apply to receive payments gross.
Where tax is deducted under CIS a refund may be due because of your personal allowance and deductible trade expenses.
You may be asked to provide evidence by HMRC that firstly, you actually incurred an expense and secondly, the expense was wholly and exclusively for your business. Penalties for false declarations can be severe.
Arrange A Callback
For more information on our CIS Reclaim services, please complete the form below and a member of our dedicated team will happily answer any questions you may have. Alternatively, call now on 0116 243 7868