Your business may take on subcontractors but you need to be sure that HMRC will also regard the person as self-employed, otherwise your business could suffer an unexpected PAYE bill. There are special tax rules under the Construction Industry Scheme (CIS) but the rules and operation are onerous with many pitfalls for the uninitiated business.
The rules apply whether you are a major contractor or subcontractor in the building industry or simply a private property developer
We can help you with and advise you on:
- Whether you should be operating CIS
- Applying for Gross Payment Status
- Preparing and filing your monthly returns
- Self employment versus employed status
Contact: Duncan Marr or Janet Evans +44 (0)20 7226 1199 or email us from our contact page