The Construction Industry Scheme (CIS) sets out the special tax rules for subcontractors who work in the construction industry and how payments must be handled by contractors.
This is an extra administrative function in an already demanding business. Penalties are imposed if this scheme is not dealt with properly and in a timely manner.
If you would like to be able to get on with your business without having to worry about the ins and outs of the CIS, then
we at Blythe & Co can run this seamlessly alongside your payroll.
Services we provide for contractors:
Register you with HMRC as a contractor
Verify your subcontractors with HMRC
Ensure you pay your subcontractors correctly within the scheme
Supply deduction statements to the subcontractors
Keep your records in good order and supply HMRC with monthly returns
Require more information?
If you would like more information or would like to speak to us direct then call us on 02086416666.
Or if you would prefer, ask us a question online.