X

My name is Lyanne and I’m the managing director of Wilds. Welcome to our website we’re so glad you found us. There’s lots to take in on here but if you have any questions just fill in the contact form and we’ll get back to you.

Here at Wilds we’re all about helping you to achieve your ambitions. The Wilds team have already achieved some of theirs: completing a 6 marathon challenge, being able to do the school run and getting more involved in charity work. But enough about us we’d like to get to know you so if you would like to come in for a coffee and a chat to see if we could help you please get in touch.

 

CIS

CIS – Construction Industry Scheme

If you work in the construction industry you need to make sure that all your subcontractors, or as the subcontractor, that you are registered on the CIS scheme.

When registered there are two bands for a subcontractor – Gross and net. Gross status (0%) means no CIS is deducted on invoices as any liabilities are paid to HMRC at the end of the year. Net status (20%) is the band majority of subcontractors will be on and is equivalent to the basic rate band of income tax. For subcontractors not registered or verified on the CIS scheme there is one further band which is higher. The higher (30%) is more than income tax and is used as an incentive for subcontractors to register.

If a subcontractor is not registered and the appropriate treatment is not taken, not only the subcontractor, but also you as the contractor can land yourself in trouble with HMRC.

css.php