This is an area of taxation that can have a significant impact on the cash flow of construction businesses if the rules are not properly followed. Our experienced specialists will help you to comply with these complex rules and help you to ensure that you maintain your gross status.
The consequences of failure to comply can result in large penalties and fines, as well as the withdrawal of ‘gross status’, meaning that your customers are required to deduct tax at 20% from their sales payments to you.
At The Fish Partnership, our experienced specialists will help you to maintain your gross status. Whether it’s helping you to understand the rules and assisting in setting up robust systems of controls, or completing monthly returns on your behalf, we can ease the burden on you, providing you with peace of mind that your CIS affairs are in order.