Construction Industry Scheme
The Construction Industry Scheme (CIS) sets out the intricate tax rules for subcontractors who work in the construction industry and how payments are made.
As as specialists in this accounting field, we provide services to both Contractors and Sub-contractors in construction industry scheme.
To ensure you meet the requirements we register you with HMRC and provide them with the necessary monthly returns, paying your sub-contractors and verify they are registered with HMRC.
Once tax returns and expenses are submitted, Sub-contractors are entitled to a tax refund. We help contractors and sub-contractors to ensure the correct amount of tax is paid and they meet the regulatory requirements of the CIS.
Our services
Capital Gains Tax
Capital Gains Tax is levied on profits or gains made when you sell, give away, transfer or exchange (‘dispose of’) something of value (‘an asset’).
For limited companies, capital gains form part of the total profits of a company on which they pay corporation tax.
Capital Gains Tax planning, therefore, needs careful consideration.
We can analyse your situation to see whether you are liable to pay Capital Gains Tax.
We keep abreast of changes in the law to help you save money if certain assets are no longer taxed.
There are numerous allowances and reliefs available, many of which require elections to be made within strict time limits.
Advice should be sought at an early stage when considering any disposal of an asset independent and confidential advice is assured in all cases.
Complex Capital Gains tax planning, including the use of off-shore investment bonds and trusts, needs specialist advice and an early meeting with Ratnam & Co.’s tax specialist would be strongly advisable.