Whether you're a contractor paying subcontractors or a subcontractor having tax taken off every invoice, we make the Construction Industry Scheme simple. We file your returns on time, check every deduction and make sure you get back what you're owed.
Monthly returns, subcontractor checks and deductions at 20% or 30% add up fast. Miss a return and HMRC issues penalties. Forget to claim your deductions back and you could be overpaying tax all year.
Verifying every subcontractor with HMRC before you pay them
Monthly CIS returns, filed by the 19th
Payment and deduction statements for your subcontractors
Running CIS alongside your payroll and VAT, including the domestic reverse charge
Registering you for CIS so you're deducted at 20%, not 30%
Claiming back CIS deductions through your tax return, or through payroll if you're a limited company
Applying for gross payment status when you qualify
Keeping your expenses and mileage on record so nothing gets missed
Yes. If more tax has been deducted than you owe, we'll claim the difference back for you. For sole traders this goes through your self assessment; for limited companies it's offset through payroll.
Yes. We'll get your returns up to date and talk to HMRC on your behalf about any penalties.
Yes. We look after CIS clients across West Yorkshire and the UK.
Subcontractors registered for CIS have 20% deducted from the labour part of each payment. If you're not registered, contractors must deduct 30%. If you qualify for gross payment status, nothing is deducted.
Contractors must send a CIS return by the 19th of every month, covering payments made in the tax month ending on the 5th. Late returns lead to automatic penalties, even if you paid no subcontractors that month and forgot to tell HMRC.
Friendly, very knowledgeable and so helpful. They take the hassle completely out of accounts and book keeping. We are a small business and it’s made such a difference to our peace of mind. Would not hesitate to recommend
Having had issues with accountants this year, I recently made the change over to work with West Yorkshire Accountancy, and what a decision I made! They’ve been nothing but helpful throughout the months they’ve handled my finances, I’d recommend these guys to anybody who’s serious about their finances.
Absolutely World class service, been using WYAS for years now, they always go and above beyond for their clients. Best firm in Huddersfield by a long way.
Book a free consultation, or email us at admin@wyas.co.uk.