CIS Tax Advice
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CIS TAX ADVICE FOR BIRMINGHAM AND KENSINGTON, LONDON
CIS Tax Advice is setup to help the construction industry deal with HMRC’s Construction Industry Scheme (CIS) complex legislation.
In addition we are able to provide help and advice to providers of specialised payroll solutions including Employment Agencies and Umbrella companies.
We offer a friendly, professional service, competitive prices, plus access to a network of specialist insurers and lawyers.
HMRC’s expectations for compliance are very high for contractors and sub-contractors, and the CIS can be a legislative burden for anyone. We at Morgan Reach can provide expert advice on scheme registration, gross payments status, monthly returns, employment status, and general scheme compliance.
For failing to comply with the regulations the penalties are very harsh, and mitigation is extremely difficult.
Therefore, whether you are starting out as a contractor / sub-contractor, or have been established for a while why not speak to Morgan Reach, so that you can be armed with the right knowledge, and have the comfort of knowing that your CIS affairs are being handled efficiently by the team at Morgan Reach Chartered Certified Accountants.
Gross Payment Status:
Since the introduction of the CIS scheme, HMRC has been quick to withdraw Gross Payment Status from contractors who have failed to meet their obligations.
Self Employed Status:
You cannot elect to be self-employed or employed. It all depends on the actual mechanics of the relationship with the worker and the person who is engaging the worker.
To put a self-employed contract in place, it is important to discuss the actual facts of the working relationship. We can use the basis of this discussion to identify any potential issues, of where the self-employed status could be challenged by HMRC. We can then advise on revisions to the working arrangements to support the required status.
Examples of Items that need clarifying to determine the status would be control, independence, substitution, risk and equipment.
By clarifying the working status at the start of the engagement, then it would help to mitigate any disputes about this with HMRC at a later stage.
We have accountants ready to serve you in Birmingham and Kensington, London, UK.