If you’re a contractor in the construction industry working with subcontractors, you’re required by law to deduct tax and National Insurance from their wages on a weekly or monthly basis.
What is CIS and How Does it Work?
The Construction Industry Scheme (CIS) helps manage tax deductions for subcontractors. When a subcontractor registers as self-employed with HMRC, they receive a Unique Tax Reference Number (UTR). This number allows you, as the contractor, to deduct the correct amount of CIS tax from their payments each month.
How to Register for CIS:
– Apply directly through HMRC’s website.
– Or, contact your local HMRC office for assistance.
Our CIS Payroll Services – Making Your Life Easier
We take the hassle out of CIS compliance by handling the following for you:
– Subcontractor Verification: We’ll verify your subcontractors with HMRC to ensure everything is set up correctly.
– Payment & Deduction Statements: We’ll provide clear, easy-to-read statements showing payments and deductions.
– Monthly HMRC Returns: We’ll prepare and submit your monthly CIS return to HMRC, so you stay compliant.
Need Help with CIS Registration? We can apply for CIS status on your behalf! Just let us know, and we’ll take care of it (please note, additional fees may apply).
Let us simplify your CIS payroll tasks so you can focus on your business!