contractors Archives | Taxfile https://www.taxfile.co.uk/tag/contractors/ Tax advice & accounting services for South London businesses & SMEs Thu, 17 Jul 2025 09:23:56 +0000 en-GB hourly 1 Decoding IR35: Your Guide to Contractor Tax Status https://www.taxfile.co.uk/2025/07/ir35-guide-to-contractor-tax-status/ Wed, 16 Jul 2025 14:17:53 +0000 https://www.taxfile.co.uk/?p=8960 Decoding IR35: Your Guide to Contractor Tax Status

For many independent professionals, the flexibility and financial benefits of contracting are a significant draw. However, navigating the complexities of UK tax legislation, particularly IR35 (Off-Payroll Working Rules), can be a daunting task. At Taxfile, we understand these challenges and are here to provide clear, actionable insights to help you manage your IR35 status effectively and ensure HMRC compliance. Click the link directly below to learn more...

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]]> Lower Prices for CIS Clients – We’re on Your Side! https://www.taxfile.co.uk/2025/04/lower-prices-for-cis-clients/ Wed, 23 Apr 2025 14:20:41 +0000 https://www.taxfile.co.uk/?p=8683 Lower Prices for CIS Clients – We’re on Your Side!
At Taxfile, we understand that the cost of living is hitting everyone’s pockets. That’s why we have taken bold action to make things a little easier for our valued CIS (Construction Industry Scheme) clients earning less than £40k. We are dropping our prices like never before! Now, you can benefit from our expert services for just £220 +VAT (£264).  That’s right – we have slashed our prices by £55 to make sure you keep more of your hard-earned money where it belongs: in your pocket. Read on to learn more ...

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]]> Guide to the Employer Payment Summary (EPS) – for Limited Companies within the CIS https://www.taxfile.co.uk/2024/03/employer-payment-summary-guide/ Wed, 13 Mar 2024 11:30:05 +0000 https://www.taxfile.co.uk/?p=8002 Guide to the Employer Payment Summary (EPS) – for Limited Companies within the CIS

by Daniel at Taxfile.

Understanding the Employer Payment Summary (EPS) monthly claims for limited companies within the CIS

Limited company contractors operating within the Construction Industry Scheme (CIS) have distinct payroll obligations, including the submission of their Employer Payment Summary (EPS). In today's guide, we'll explain what the EPS is, its purpose, and the submission rules limited companies have to follow if they work within the Construction Industry Scheme.

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]]> CIS Contractor’s Monthly Return (CIS300) https://www.taxfile.co.uk/2024/02/cis-contractors-monthly-return-cis300/ Thu, 29 Feb 2024 16:41:23 +0000 https://www.taxfile.co.uk/?p=7923 CIS Contractor's Monthly Return (CIS300) - Explained

by Daniel at Taxfile.

The CIS Contractor's Monthly Return is a mandatory requirement for contractors operating within the Construction Industry Scheme (CIS). It acts as a mechanism for contractors to disclose to HM Revenue and Customs (HMRC) payments issued to subcontractors and the corresponding tax deductions withheld from those payments. By providing HMRC with information regarding payments rendered and the accompanying tax deductions, the CIS Contractor's Monthly Return guarantees transparency and adherence to regulations within the construction sector. In today's guide, we explain the various components of the monthly 'CIS300' return, how the process works, key deadlines, the ramifications of non-compliance, and much more.

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