We understand why so many CIS tradesmen have difficulties with all the red tape required. They are more than happy to pay Tax Data Ltd to deal with paperwork rather than keep paying fines for late submission. In some cases, the penalties cost more than our fees anyway.
Our CIS clients just email us what they do each month and we do all the CIS, VAT, payroll and bookkeeping, administration and online reporting to the HMRC for them. We run a tight ship and strictly by the HMRC rule book. We keep it simple so it all works out in practice to the benefit of all parties concerned.
We also liaise with you to make sure the monthly CIS returns are all filed on time and are reconciled at the year end. The HMRC penalties for late monthly CIS filings and late payment interest soon rack up. As many a tradesperson has found out the hard way, the HMRC won´t accept any excuses for not paying them what´s due.
If you are worried about any aspect of how to register for CIS (or VAT) and then run the CIS reporting scheme, then please give us a call on 01737 551904. We will be pleased to show you that CIS reporting and compliance it is not the headache you think it is.
Published 13 September 2017.
Updated 15 October 2017.