This scheme applies to contractors and sub-contractors in mainstream construction work. We can help you understand and set up the scheme, prepare monthly returns, vouchers and annual / monthly reporting.
|Contractors deduct money from a sub-contractors payments and pass it to HM Revenue and Customs|
|The deductions count as advance payments towards the subcontractor’s tax and National Insurance|
|Contractors must register for the scheme. Subcontractors have to register as a self employed subcontractor and the contractor has to verify them, deductions are taken from their payments at a higher rate if they’re not registered|
I have used the services of KSR Accountants for a number of years,
to carry out all of my company's accounting requirements. I have developed a close relationship with Kim and her team and I have always found them extremely dedicated.
KSR Accountants are an excellent accounting firm with a wide range
of expertise, and dedicated staff
who make themselves available to offer experienced, considered advice whenever required.
We have found Kim and her team at KSR Accountants offer a professional
and excellent service - hassle free accounts.
Copyright © 2019 KSR Accountants