The Construction Industry Scheme (CIS) governs the way in which payments to subcontractors must be handled for tax purposes. The scheme places a number of obligations on employers and contractors, with penalties being charged for failure to comply. Outsourcing Construction Industry Scheme work to us will enable your business to stay fully compliant with the CIS rules.
- PAYE/CIS Contractor – we register you with HMRC (if a new employer) as both an employer and contractor;
- We handle online verification of subcontractors;
- We complete monthly CIS returns and submit to HMRC online;
- CIS deductions are calculated as appropriate and payments can take account of the cost of materials, VAT, CITB Levy, retentions, fees, insurance charges, subs and holiday funds;
- We manage CIS subcontractor payslips;
- We provide detailed management reports for each pay period;
- We deal with queries from employees and HMRC (with your agreement and in consultation with you); and
- We keep you informed – ensuring that you meet all the legal requirements including changes in legislation.
Our CIS customers have been benefitting from our services for a long time, and we honestly believe that our CIS Services will benefit you in just the same way.
Please call us on 0208 550 5369 to find out more of what we could be doing for you and your business.
