Construction
Specialist support for the construction industry
Builders, plumbers, and bricklayers alike will probably be aware of the construction industry scheme (CIS) and its complexities.
It applies to the way contractors and subcontractors are taxed in the construction industry, and it requires monthly returns to inform HMRC about payments that have been made.
Things get even trickier when employment status comes into it, as the scheme sets out strict rules to determine whether a worker is employed or self employed, which must be closely followed and reviewed on a regular basis.
Navigating the rules correctly is often a challenge, especially if you’re new to operating CIS.
We have years of experience working with businesses in the construction industry, and can guide you through the ins and outs of the scheme.
Our service includes:
- registering for CIS
- verifying contractors’ and subcontractors’ CIS status
- processing subcontractor payments
- sending monthly statements to subcontractors
- filing monthly returns with HMRC
- advise on how to pay tax that is deducted through the scheme to HMRC
We’re also happy to advise on other sector-specific problems, so don’t hesitate to get in touch if you have any questions.
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