Services we can provide for contractors:

  • CIS registration with HMRC
  • Verification of your subcontractors with HMRC
  • Assist you with how to pay your subcontractors correctly within the scheme
  • Keep your records in good order and supply HMRC with monthly CIS returns

TaxSmart works with numerous contractors and are fully equipped to assist you in this process. By keeping up to date with any changes to the CIS regulations we can make sure are clients remain compliant with the rules and regulations

Contractors:  As a contractor, you have certain obligations under the CIS scheme, which includes the requirement to register with HMRC, verifying your subcontractors are CIS registered, paying subcontractors and deducting tax from them, and submitting monthly returns to HMRC.

Sub-contractors: As a sub-contractor, your main obligation is to register with HMRC. You must also keep HMRC informed of any changes to your business such as changes to your business address, business name, business partners and other relevant information.


Services we provide for subcontractors:

  • Register you with HMRC
  • Manage and organise your business records
  • Prepare your end of year self-assessment tax return and reclaim your CIS deductions against your tax liability

Any contractor that you work for must determine whether or not you are to be treated as employed or self-employed for each and every contract. If you are an employee for the purpose of the contract, the contractor will need to operate a PAYE scheme whereby tax and National Insurance Contributions will be deducted from the payments made to you.

If you are self-employed, as a sub-contractor you need to be registered with HMRC under the CIS scheme. Once registered, contractors must make a deduction of tax at 20% (30% if you are unverified) from the labour element of your invoices and pay it over to HMRC.

Whether you are the contractor or the sub-contractor, we can help you keep your CIS affairs in order.

Get in Touch

TaxSmart Accounting are an independent and forward thinking accountant with the flexibility to meet the client’s needs in a professional and personal manner.  Outsource as much or as little of your bookkeeping and payroll needs as required with our fully personalised service.  Contact us today for further information or a free consultation on how we can help your business.

Three Easy Steps

1. Visit our
High Street Offices

Conveniently situated on the High Street, visit one of our offices for a friendly informal chat, our door is always open.

2. Chat to
an expert

Meet with one of our expert accountants who will determine exactly how we can help you and your business. This meeting is FREE and there is no obligation to use our services.

3. Get a
fixed quote

Once we have had the initial meeting, we will provide you with a fixed quote to cover all the work we believe is required.