The Construction Industry Scheme (CIS) sets out specific rules for tax and national insurance (NI) for people working in the construction industry.
There are particular requirements on contractors to check or verify whether sub-contractors are entitled to gross payment or payment with deductions and to make detailed monthly returns to HM Revenue & Customs.
Contractors who are late filing returns, or are not compliant in other ways, face tough financial penalties.
We can provide guidance on compliance with the requirements of CIS and assist contractors in meeting their CIS obligations, as well as offering a full range of accountancy and business support services.
If you would like to find out more about how we can help you, please contact us.
Construction Industry Scheme – Part 1
Construction Industry Scheme – Part 3
Construction Industry Scheme – Capital Allowances – Part 2