CIS Tax Returns · Wales
CIS tax returns in Swansea
If you work in construction in Swansea, CIS touches almost everything: how you are paid, how you pay others, how VAT is charged under the reverse charge, and how much tax you get back in January. We handle all of it for trades across Wales from a published fee menu, with nothing filed until you have approved it.
from £30/mo · fixed, per month
Next deadlines
- VAT return and payment for the quarter that ended last month
- CIS monthly return and deduction statements to subcontractors
- PAYE and National Insurance for last month paid to HMRC (electronic)
- VAT return and payment for the quarter that ended last month
Who this is for
CIS Tax Returns for Swansea
Construction businesses in Swansea on either side of the scheme: sole trader and limited company subcontractors with 20% or 30% deductions to reclaim, contractors who pay subcontractors and must file monthly, businesses that do both, and established subcontractors with turnover high enough to apply for gross payment status and stop deductions altogether.
What is included
Everything inside the fixed fee
- Subcontractor verification with HMRC and the correct deduction rate (20%, 30% or gross) applied each time
- Monthly CIS300 return filed by the 19th with deduction statements issued to every subcontractor
- Subcontractor annual Self Assessment with CIS deductions reclaimed and the refund chased with HMRC
- Gross payment status application prepared with the turnover, compliance and business tests evidenced
- Domestic reverse charge VAT checked on every CIS invoice in both directions
- CIS deductions offset against PAYE for limited company subcontractors through the EPS each month
How it works
CIS Tax Returns from Swansea, step by step
Tell us your situation
A short message or call about what you do and what needs filing. We ask the questions that determine the right package and nothing more.
Fixed fee in writing
You receive one price for the work, confirmed by email before anything starts. It does not change if the job takes longer than we expected.
Send records, review the draft
Records come by WhatsApp or email. We prepare the draft, explain the figures in plain English and answer your questions.
We file, you get the receipts
Once you approve and the fee is settled, we submit electronically and forward the HMRC or Companies House acknowledgement the same day.
Why IGI
What you get in Swansea
One fixed fee for cis tax returns in Swansea, agreed in writing before any work starts and never changed part-way through the job, however long it takes us.
Nothing for Swansea is left to the last week. Each deadline relevant to cis tax returns is tracked from the day you join, with the next four shown on every page we send you.
No appointments, no travel across Wales, no parking. Everything for cis tax returns in Swansea happens online, with a real person on the other end during UK working hours.
You get one contact for cis tax returns, not a queue. Swansea clients message the same person throughout and get an answer in working hours, usually within a few hours.
We explain cis tax returns in the words Swansea business owners use, not in accountant's shorthand, and we show our working so you can check it.
Nothing is filed for Swansea until you have reviewed and approved it. You see the draft, you ask questions, you sign off, then we submit and send you the receipt.
Local facts
About Swansea
Swansea is in Wales, in the SA1 postcode district, Wales. Welsh taxpayers pay Welsh rates of income tax, set by the Senedd and currently matching the English bands, collected under a C-prefixed tax code. National Insurance, VAT and Corporation Tax are UK-wide. Property purchases in Wales pay Land Transaction Tax to the Welsh Revenue Authority rather than Stamp Duty, with its own bands and rates.
| Place | Distance | Direction |
|---|---|---|
| Mount Pleasant, Swansea | 0.2 mi | N |
| Strand | 0.3 mi | NE |
| Alexandra, Swansea | 0.3 mi | N |
| Island, The | 0.3 mi | N |
| The Island | 0.3 mi | N |
| Guinea, Pentre | 0.6 mi | NE |
| Pentre Guinea | 0.6 mi | NE |
| Greenhill, Swansea | 0.7 mi | N |
Worth knowing
Rules that come up in this work
Crypto records and reporting
Most crypto holders have taxable events they do not recognise, because every swap is a disposal even when no pounds change hands. The computation requires the complete transaction history from every exchange and wallet, pooled by asset with HMRC's matching rules applied. Exchange-generated tax reports are frequently wrong because they cannot see transfers between a user's own wallets.
The 60-day property CGT return
Selling UK residential property that was not your main home for the whole period of ownership triggers a separate Capital Gains Tax return, due within 60 days of completion along with payment of the tax. This is in addition to the annual Self Assessment. The gain is taxed at 18% or 24% depending on your income band, after the £3,000 annual exempt amount.
Record keeping
Good records are the difference between a quick enquiry and a long one. For the self-employed, five years after the filing deadline; for companies, six years from the year end; for VAT, six years. Photographs of receipts, PDF statements and software exports all count. The requirement is to keep records, not paper, and a well-organised cloud folder satisfies it.
Allowable expenses
Expense claims are where a return is won or lost in an enquiry. The test is wholly and exclusively for the trade; where a cost is mixed, the business proportion can be claimed if it can be identified. Capital items such as equipment and vans are relieved through capital allowances rather than as expenses, except under the cash basis where they are simply deducted when paid.
Employer National Insurance
The cost of an employee is more than the salary. Employer National Insurance at 15% above £5,000 a year, the 3% minimum pension contribution, holiday pay, equipment and management time all come on top. The Employment Allowance of £10,500 reduces the National Insurance for most employers with more than one person on the payroll.
Workplace pensions and auto-enrolment
Every employer must assess its workers for automatic enrolment from the first employee's start date. Those aged 22 to State Pension age earning over £10,000 a year must be enrolled into a qualifying pension with minimum contributions of 8% of qualifying earnings, at least 3% from the employer, and a declaration of compliance made to the Pensions Regulator within five months.
Dormant companies
A dormant company is one with no significant accounting transactions in the year, where the only permitted entries are the payment for shares on incorporation, Companies House fees and penalties. It still files a confirmation statement and simplified dormant accounts every year. A bank charge or an accountant's fee paid from the company ends dormancy and requires full accounts.
Questions
CIS Tax Returns questions from Swansea
What counts as construction work under CIS?
Site preparation, building, alteration, repair, decoration, demolition, and installing systems such as heating, lighting and water. Professional work such as architecture and surveying, scaffolding hire without labour, and carpet fitting are outside the scheme. Mixed contracts fall within it entirely. We check borderline cases against HMRC's list.
What records do I need to keep for CIS?
Subcontractors: every deduction statement, invoices and bank records. Contractors: verification references, gross payments, materials costs, deductions made and the statements issued, for at least three years. Missing deduction statements are the most common reason refunds are delayed, so we help you obtain copies from contractors.
How does the VAT reverse charge affect CIS work?
Since March 2021, where both parties are VAT and CIS registered and the supply is within the scheme, the subcontractor does not charge VAT; the contractor accounts for it on their own return. The invoice must state that the reverse charge applies. We check your sales and purchase invoices for this on every return.
Do I need to register for CIS?
Subcontractors should register so deductions are 20% rather than 30%; registration is free with HMRC or £49 through our service with your UTR sorted at the same time. Contractors must register before paying their first subcontractor. If you are both, both registrations are needed; our dual package is £99.
What is gross payment status and can I get it?
Gross status means contractors pay you in full with no deduction; you pay your tax through Self Assessment or Corporation Tax instead. You need a construction turnover of at least £30,000 (sole trader) or £30,000 per director for companies, a clean compliance record for the previous 12 months and a UK bank account. Our £199 service prepares and submits the application.
How does CIS work for a limited company subcontractor?
Deductions suffered by a company are not reclaimed through Self Assessment. They are offset against the company's own PAYE and CIS liabilities each month through the Employer Payment Summary, and any excess at the year end is reclaimed from HMRC in writing. The £49 CIS plus payroll bundle handles this monthly.
Do you have an office in Swansea?
No. IGI Accounting is an online-only firm. We serve Swansea and every other UK postcode remotely, with records sent by WhatsApp or email and everything filed electronically. The absence of local premises is why the fee for cis tax returns is the same in Swansea as anywhere else in the country, and why there is nothing to visit and nothing to print.
Is cis tax returns in Swansea really the same price as elsewhere?
Yes. The fee published on this page is what a client in Swansea pays and what a client in any other part of Wales pays. It is confirmed in writing before work starts and the invoice matches the quote. Where a higher package applies because your situation is more complex, we say so at the quote stage, never afterwards.
One message from Swansea, one fixed price
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.