Our website uses cookies to enhance the visitor experience (what's a cookieCookies are small text files that are stored on your computer when you visit a website. They are mainly used as a way of improving the website functionalities or to provide more advanced statistical data.). Are you happy for us to use cookies during your visits?
Please note: continuing without making a choice equates to giving us your consent, which you can withdraw at any time via our cookies policy page.

Professional accountants serving the UK and helping small businesses to grow!

Whether you are an expanding company or just starting up, KAMP Accountants is here to help.

With extensive experience working with large and small clients throughout the UK, we support large and small business in a broad range of business sectors with all their accountancy requirements.

Construction Industry Scheme: top tips

Newsletter issue - May 2020.

The start of the new tax year often marks the beginning of an extremely busy time for those using the construction industry scheme (CIS). HMRC have issued a reminder of some of the help that is currently available to help ease the workload. Here is a summary of the top tips HMRC provide:

Digital repayments

HMRC offer a digital repayment offer for CIS customers. Claims can be made through the CIS I-form.

The I-form can be completed by either the agent or the taxpayer. They need to provide their name, address, employer references, the amount of repayment they are claiming, if they want the repayment offset to any other Head of Duty and how they want the repayment to be made - payable order or BACS. Once submitted, the I-form will drop into a queue to be worked by a HMRC adviser.

Sending repayments to an agent or nominee

HMRC can send repayments to someone other than the customer. However, it should be noted that requests for CIS repayments to be made directly to an agent or nominee must be made in writing using form R38 or signed letter of authority.

Quicker processing timeframe

Usually, HMRC wait until 24 April to start reviewing repayment claims because of the CIS monthly submission dates: the 19th to submit returns and the 22nd to make any payments. This year, however, HMRC have committed to reviewing claims as soon as they are received. HMRC do stress that it does take time to review and process repayments, so claimants should allow 40 working days before following up on any claims.

HMRC support for CIS users

HMRC agents and CIS helplines are currently only available 8am until 4pm Monday to Friday. However, the HMRC CIS webchat facility is available later in the evening and on Saturdays too. Further information can be found at Construction Industry Scheme: general enquiries. Follow the link that says 'speak to an adviser online' from that webpage.

Finally, information about financial support available for businesses affected by the coronavirus can be found at https://taxagents.blog.gov.uk/2020/04/17/construction-industry-scheme-top-five-tips-for-tax-agents/

Fees for non-recurrent services would be based on time involved and would be agreed before we start work on given task.

  • Accounts and Taxation
  • Accounts prepared on time and presented to you at your premises
  • Income tax calculations and projections
  • Annual superannuation certificates for Partners
  • Practice manager training about bookkeeping
  • 2 - 4 meetings in a year at your premises
  • Personal expenses
  • Payroll
  • SD55 for practice staff
  • Installation and training in respect of practice computerised accounting system
  • Unlimited telephone and email support for adhoc queries

Non - recurrent Services

•VAT advice •Capital gains tax planning •Partnership agreements •Surgeries finances •Pension planning •Budget and cashflow planning •Inheritance Tax planning

Recurrent Annual Services based on fixed fee:

  • Accounts and Taxation
  • Accounts prepared on time and presented to you at your premises
  • Income tax calculations for Principles and Associates
  • Practice manager training about bookkeeping
  • 2-4 meetings in a year at your premises
  • Personal expenses
  • Payroll
  • SD55 for practice staff
  • Installation and training in respect of practice computerised accounting system
  • Unlimited telephone and email support for adhoc queries

Non - recurrent Services

  • VAT advice
  • Capital gains tax planning
  • Partnership agreements
  • Surgeries finances
  • Pension planning
  • Budget and cashflow planning
  • Inheritance Tax planning

Fees for non-recurrent services would be based on time involved and would be agreed before we start work on given task.

Medical Practices

Our specialist team provides a wide range of accounting and business services to General Practice.

Recurrent Annual Services based on fixed fee:

Dental Surgeries

Fees for non-recurrent services would be based on time involved and would be agreed before we start work on given task.

Recurrent Annual Services based on fixed fee: