Construction Industry Scheme

We deal with both Contractors and Subcontractors.

Contractors are responsible for verifying whether Subcontractors are entitled to gross payment or payment after deduction for CIS tax and it is their responsibility to make detailed monthly returns to HM Revenue and Customs.

Contractors who are late filing returns, or are not compliant in other ways, face tough financial penalties and can have their own gross status revoked which can have a serious impact on cash flow.

We act for small traders through to large limited companies and deal with all issues including:

• Registering you with HM Revenue and Customs as a Contractor or a subcontractor;
• Verifying Subcontractors and advising you of their tax status (Gross, 20% or 30%);
• Completion of statements for your Subcontractors;
• Advising of tax liability due to HM Revenue and Customs;
• Completion of CIS Monthly returns and submission to HM Revenue and Customs;
• If you don’t want us to prepare your monthly returns we can even help you setup internal systems to complete this most important task efficiently. This would include the provision, installation and training on accounting software (desktop and cloud based solutions) if appropriate.

Call us today to discuss how we can assist with this administrative burden!