Over recent years HMRC have shown their dislike for subcontracting apparent with increased challenges to status and the introduction of a more complex CIS monthly filing requirement with automatic fines for late returns.
Our payroll team will ensure that:-
Your sub-contractors are verified with HMRC
Your monthly returns are submitted within the 14 day filing period each month.
The appropriate monthly certificates are sent to you for your sub-contractors.
You are advised of the amount to pay to HMRC in time to avoid the HMRC interest payment and protect your company's gross contractors status.
Ensure that any CIS deductions you suffer are correctly reported to HMRC and set off against your CIS and PAYE liabilities.
We offer a sub-contractor statement over view and advice to ensure your subcontractors terms and conditions are not placing your company at risk in an HMRC enquiry.