CIS Contactors & Sub-Contractors
Are you ready for the new scheme in April 2007 ?
In April 2007 the Revenue introduced a new CIS scheme – there will no longer be vouchers issued and each contractor will have to validate each sub-contractor with the revenue. Failure to validate a sub- contractor will result in the sub-contractor being stopped at a higher level of tax. Contractors will also have to do a monthly return which will result in penalties for any lateness or error. Contractors will also have to issue payment schedules to each contractor on a monthly basis. Finally Contractors will also have to make a monthly declaration that their contractors are self employed and not employed.
Tax Return Online Services can assist all contractors and sub-contractors with the new scheme.
Services for Contractors;
- Validation of your sub-contractors.
- Monthly CIS Returns to the revenue to ensure deadlines are meet and the new CIS rules are being adhered to.
- Production of payment schedules for your contractors.
- Regular book-keeping services.
- Accounts preparation.
- Advice on employment/self employment status.
Services for Sub-Contractors;
- Book-keeping Services.
- Accounts preparation.
- Tax Return Services.
- Advice on what you can claim for as a sub-contractor.
- Advice on employment/self employment status.
I am happy to provide information on all areas of the new CIS scheme just email me for further details
Tax Return Online Services also offer other Accountancy services such as regular bookkeeping and preparation of year end accounts - just email for a no-obligation quote, or alternatively visit
onlineaccountancyservices.co.uk
Karen Butler - FCCA
Office Telephone/Fax Number - 01485 601499
Mobile Telephone Number - 07766 407 899
