HMRC require that all contractors deduct money from their subcontractors at a rate of 20-30% and pay this to HMRC. These deductions count as advanced payment towards the subcontractors own TAX and NI. It is mandatory for contractors who use subcontractors to register for the scheme and they have to make sure that the CIS is deducted and then paid to HMRC. Subcontractors don’t have to register for the scheme however, it is advantageous if they do because the rate at which they will be deducted CIS is often lower, If you are unsure if you should register as a contractor or Subcontractor, or you would like us to manage your payments and deductions, then please contact us:
Email: info@renumeris.com
Telephone: 01909 481020
Contact us for a quote on our cost effective payroll services. You can also email info@renumeris.com or call 01909 481020.
Renumeris provided excellent payroll guidance and helped with us with our RTI submissions
The team have supported us with our payroll throughout some significant changes to our business and continue to assist us with our payroll and bookkeeping requirements, even though we now manage this in-house
Great company to deal with. Totally reliable and trustworthy
We decided to outsource our payroll and chose Renumeris because of their reputation for confidentiality and accuracy when processing wages and especially bonuses which are always are contentious issue.
