CIS Traders
Kemp Accounts Limited are very confident working alongside members of the Construction Industry Scheme. We have the ability to file CIS returns whereby you are deducting CIS Tax from your sub-contractors whilst also working with those subcontractors to complete their returns annually.
Should you work within the construction industry, such as electricians, plumbers and scaffolders you may already be paying CIS Tax. If you hold a contract with a company, that company is liable to deduct 20% of your earnings and pay this to HMRC.
The company are also obliged to provide you with regular documents detailing how much CIS Tax they have paid on your behalf.
As with Self Assessments, you will need to keep all income and receipts relating to your company.
Key Points