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.
Contractors
- Register you with HM Revenue and Customs as a contractor
- Verify your subcontractors with HMRC
- Ensure you pay your subcontractors correctly within the scheme.
- Supply payslips and deduction statements to the subcontractors.
- Make timely submissions to HMRC
Subcontractors
- Manage and organise your business records
- Prepare your yearend tax return and inform you of your liability/refund.
Get in touch if you want to discuss the CIS further.
★★★★★ 5/5
"I am self-employed and as it is my first business I have nurtured it to a place I am comfortable with. Previously my accounts were not very streamlined and I missed debtors and was regularly late with my accounts. Andrew had the time and patience to sort out my accounts and encouraged me to make my accounting system digital. With Andrew’s guidance, my accounts are now very efficient, I know exactly where I am with my finances and debtors and ultimately my accounts are now on time saving me from penalties. I am now more confident that money owed to me is properly accounted for and I feel in control of my business finances. Andrew is always on hand to offer advice and help, so my business runs smoothly with regards to my accounts Would highly recommend.
"
M Hawthorne
A personal touch
Local business support
Always available
Switch to us
I am on hand to help you with this every step of the way.
Other accountancy services
It's good to talk
Getting to know our clients is how we can best advise them, and build long-term relationships. That’s why we offer everyone a free initial consultation without any strings attached.
