Construction Industry Scheme
The CIS is a system implemented by HM Revenue and Customs (HMRC) to regulate tax payments within the construction industry. It requires contractors to deduct money from subcontractors' payments and send it directly to HMRC as advance payments towards the subcontractors' tax and National Insurance contributions.
we assist contractors in complying with their obligations under the CIS. We help them verify subcontractors, calculate deductions correctly, maintain accurate records, and submit CIS returns on time to avoid penalties.
For subcontractors, we offer support in ensuring that they are correctly registered under the CIS, receive the correct payments after deductions, and assist in claiming refunds if they have overpaid tax.
With our in-depth knowledge and experience in CIS regulations, We committed to providing professional services to construction businesses, helping them navigate the complexities of the Construction Industry Scheme efficiently and effectively.
Contact us today to learn more about our services and how our trained professionals can assist you with your accounting needs.