At a high level, the way CIS works is that contractors deduct money from a subcontractor’s pay and then pay that money to the HMRC. For this reason, by CIS definition, a contractor is anyone who hires subcontractors, and a subcontractor is anyone who gets hired by a contractor. You sho...
If you are a subcontractor from abroad working for a UK contractor, you will have to register for CIS. HMRC will confirm your registration and notify you about what information should be shared with your contractors before they pay you. Final notes It’s important to understand your obligations...
Remember that some monthly fees include a monthly quota of services (like forwardinga certain amount ofletters per month, above which you’ll pay extra per your usage), while other monthly fees are only for the address. You pay for all additional services as you use them. Best Virtual Mail...
FreeAgent uses the financial data you enter throughout the year to populate most of your Corporation Tax return. All you have to do is check the figures and enter the remaining information. FreeAgent then calculates your tax bill and allows you to file your completed tax return directly to HM...
Let’s assume that you’re a subcontractor working on a couple of construction projects in the UK. Before your contractor can pay you for the first time, he or she must check whether you’re registered for self-employment as well as for CIS. If the contractors ...
Let’s assume that you’re a subcontractor working on a couple of construction projects in the UK. Before your contractor can pay you for the first time, he or she must check whether you’re registered for self-employment as well as for CIS. If the contractors find y...