CIS must be dealt with by both contractors and sub-contractors. Contractors must submit returns to HMRC on a timely basis and pay over the CIS due or face penalties. Sub-contractors must keep track of the CIS they have suffered in order to reclaim it at the end of the tax year.
AFS can assist both parties. For contractors we can calculate the tax due and submit the returns to HMRC. We will then inform you how much to pay HMRC.
For sub-contractors we will monitor the amounts of CIS suffered, submit statements to HMRC and reclaim the tax on your behalf.