CIS Construction Industry Scheme – Shires Accountants

We can ensure total compliance with the CIS scheme

The Construction Industry Scheme (CIS) sets out the rules on how Contractors must deduct tax from there subcontractor’s payments and pay this over to HMRC. It also sets out how Sub-contractors must deal with payments in the Construction Industry.

CIS sub-contractors can often find they are due tax refunds brought about by over payment of tax once their work-related expenses have been calculated and applied. Shires Accountants has vast experience in working with CIS contractors and can ensure total compliance for Contractors and claim maximum tax rebates for Sub-contractors.

We offer a free no obligation meeting and would welcome the opportunity to discuss any requirements you may have. Please call us on 01270 820 273 or click to Get in touch.

WHY USE SHIRES ACCOUNTANTS FOR CIS

As a Contractor, Shires can help meet your obligations by:

  • Registering you as a CIS contractor with HMRC
  • Verifying your subcontractors with HMRC
  • Ensuring correct payments to subcontractors
  • Submit monthly returns to the HMRC
  • Issue CIS vouchers to subcontractors
  • Apply 30% tax rate to unverified sub-contractors
  • Keep all your records in good order
  • Setting up and operate your PAYE scheme

As a Subcontractor, Shires can help you meet your obligations by:

  • Establishing your status as a sub-contractor
  • Register you with HMRC as a sub-contractor in the CIS scheme
  • Verifying you with HMRC on behalf of your contractor
  • Advise and assist on managing and organise your business records
  • Advise on minimising your tax liability
  • Prepare and submit your self-assessment tax return
  • Calculate your tax liability or refund if applicable

OTHER SERVICES YOU MAY BE INTERESTED IN:

BUSINESS support SERVICES

Find out more

ACCOUNTANCY & tax SERVICES

Find out more
Tax Hub Contact Us