Construction

NSave CIS is the perfect service for self-employed contractors in the construction industry looking to simplify their administration and tax dealings with HMRC.

As a self-employed subcontractor you are looking to make the most of your earnings. This can be achieved by ensuring you avoid paying more taxes than necessary whilst remaining compliant with HM Revenue & Customs (HMRC) regulations.

NSave CIS is suitable for subcontractors who:

✔ Are genuinely self-employed in the construction industry
✔ Are looking for the simplest way to manage their affairs
✔ Want to be in control of their tax matters and be tax efficient and compliant.

NSave CIS benefits you because:

✔ We take care of your invoicing
✔ We make CIS deductions according to notional CIS rates provided by HMRC
✔ We inform you weekly of any further potential tax liabilities you may have
✔ You receive tax advice where needed
✔ Your self-assessment tax return is completed on your behalf at no extra charge
✔ You pay the minimum taxes whilst remaining HMRC compliant
✔ The time you spend on administration is kept to a minimum.

NSave CIS allows you to receive your earnings in the quickest way and helps you claim all legitimate business expenses to offset your tax liability. All you have to do is submit your time-sheet and business expenses through either our online portal, by email or telephone. We invoice your agency/client and as soon as we receive your monies we deduct our weekly fee as well as your notional CIS tax due and transfer your funds to you on the same day. As a self-employed subcontractor you are responsible for paying your overall income tax and National Insurance. We will send you a weekly statement of earnings detailing how much notional CIS tax we have deducted as well as an estimate of any further tax payment that you may be liable for, and at year-end we will complete your self-assessment tax return at no extra cost.