Construction Industry Scheme
HMRC Construction Industry Scheme (CIS)
The Construction Industry Scheme (CIS) sets out rules for how construction contractors should make payments to subcontractors. In 2007, the update to the CIS introduced more complex guidelines thus making the rules for contractors easier to fall foul of.
The CIS was set up to ensure subcontractors paid ‘on account’ tax payments from a proportion of their earnings. To establish a subcontractor’s true position they are required to submit a Tax Return to HMRC by the relevant submission deadline.
If you are a construction contractor who is concerned about the possibility of having unpaid tax you should seek professional tax investigation advice.
Tax Advice for Contractors - Call 0113 387 5670
Our team is experienced in advising contractors who have received a letter from HMRC. If a tax investigation is launched by HMRC we can assist where alleged rule breaches include:
- Deducting tax at a lower rate than is required;
- Not deducting tax on a category of payments where tax should have been deducted;
- Tax Return filing and payment irregularities.
HMRC perceives the construction industry to be of a high risk in terms of unpaid and undeclared tax. As a result tax investigations surrounding the construction industry are common.
We have had success in defending contractors in CIS tax investigations by HMRC, and in mitigating against demands for higher repayments and penalties.
HMRC Construction Industry Scheme Support
We can also provide a service to prevent future problems arising in relation to how the HMRC Construction Industry Scheme is run in your business. We can provide a review of your systems and procedures to ensure that they sufficiently comply with HMRC guidelines.
For tax investigation advice in relation to the HMRC Construction Industry Scheme or to discuss your circumstances with trusted and experienced tax investigation professionals in complete confidence please call us on 0113 387 5670 or fill out an Enquiry Form.
If you do not pay your tax there are a number of actions HMRC may take in order to recover unpaid tax debt. Depending on the circumstances this could take the form of either a tax investigation or HMRC debt enforcement action.
“I’m late filling in my tax return” is a statement that we see time and time again in the enquiries that we see coming through from tax payers who have issues and are contacting us for assistance.
Let Property Campaign - Rental Tax Disclosure Case Study.We assist individuals in making disclosures of unpaid tax to HMRC and in investigations by HMRC. Call us on 0113 387 5670
Contact us today to find out how we can assist you...
To hear more about our Tax Investigation Services or to discuss a potential case with a member of our team, call us on 0113 387 5670.
Alternatively, you can email us at enquiries@forthsonline.co.uk
or fill out an Enquiry Form
and we will contact you directly.