CIS

The construction industry scheme (CIS) is HMRC’s solution to the problem of cash-in-hand payments in the building industry. It requires contractors to deduct a percentage from payments to subcontractors and pay that sum directly to HMRC. They also have to complete regular CIS returns. 

Through our CIS service, we can take care of all those duties on behalf of contractors, making sure they stay compliant without getting burdened by admin. We can verify subcontractors and prepare CIS calculations and statements to be filed with HMRC. We take care of the whole process. 

Subcontractors have duties around CIS, too. First, they have to register for CIS to ensure the right amount of tax is withheld – 20% rather than 30% for unregistered subcontractors. They need to complete a tax return where any overpaid CIS can be reclaimed. Our team can help with all of that, from setting you up on Xero to managing your tax return.