The Construction Industry Scheme (CIS) can be complex. Whether you are a contractor, subcontractor, or self-employed tradesperson, staying compliant with HMRC regulations is essential. We are specialist Construction Industry Scheme (CIS) accountants to help you with this.
Will Construction Industry Scheme (CIS) apply to you?
CIS applies to a wide range of construction-related activities, including building work, repairs, decorating, demolition, site preparation, and civil engineering work. Contractors must register for the scheme; Subcontractors don’t have to register but deductions will be taken at a higher rate if not registered.
How do I register as a contractor?
We can help you register as a contractor, you will then get a letter from HM Revenue and Customs (HMRC) with the information you need to start working as a Construction Industry Scheme (CIS) contractor, including your employer PAYE reference number.
How do I verify a new subcontractor?
We can ‘verify’ them with HM Revenue and Customs (HMRC) using Commercial CIS software such as Xero. The software will let you know whether they are registered for the Construction Industry Scheme (CIS), what rate of deduction to use, or you can pay them without making any deductions.
How do I report the payments I have made to subcontractors?
Don’t worry we will handle this for you. Using Commercial CIS software such as Xero each month we will submit a CIS monthly return which will detail the payments you’ve made to subcontractors. Even if you have made no payments, you should still file a CIS return every month.
Require more information?
If you would like more information or would like to speak to us direct then call us on 07503354982. Or if you would prefer, ask us a question online.