Construction Industry Scheme (CIS)
If you’re working in the construction industry, staying on top of your CIS obligations can feel like a daunting task. Whether you’re a contractor or a subcontractor, navigating the ins and outs of CIS requirements can be tricky. We offer dedicated CIS services to help you stay compliant, save time, and avoid costly mistakes.
What is the Construction Industry Scheme (CIS)?
The Construction Industry Scheme (CIS) is a tax deduction scheme used by HMRC to manage payments made by contractors to subcontractors in the construction industry.
Under CIS, contractors are required to deduct money from subcontractors’ payments and pass it on to HMRC. These deductions count as advance payments toward the subcontractor’s tax and National Insurance contributions.
Whether you’re a contractor or a subcontractor, it’s important to be aware of the rules and ensure you’re filing your returns accurately and on time to avoid penalties.
For Contractors:
- CIS Registration: We’ll help you register as a contractor with HMRC to ensure you’re compliant from the get-go
- CIS Deductions: We’ll ensure you’re correctly deducting tax from payments made to subcontractors, and that these deductions are in line with HMRC’s rates
- CIS Returns Filing: We’ll prepare and submit your monthly CIS returns to HMRC, ensuring everything is filed correctly and on time
For Subcontractors:
- CIS Registration: We can help you register as a subcontractor, ensuring you’re able to claim tax deductions
- CIS Tax Deductions: We’ll help you understand your tax deductions and ensure they’re applied correctly, so you can claim refunds or offset your tax liabilities more easily
- CIS Refunds: If you’ve been over-deducted under CIS, we can assist you in claiming back your tax with HMRC