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.
Financial management with expert services
At TaxAssist Accountants, we pride ourselves on providing a seamless service to both contractors and subcontractors, so we can manage your CIS affairs efficiently to save you time and stress.
By making sure we are always up to date with any changes to the CIS regulations we can notify you quickly of any changes that may affect you.
Our financial solutions
We can help to keep your CIS affairs in order. Our experts will support you to meet your obligations, and ensure you are organised and up to date with all you need to know. It can be a complex system, especially where there are multiple projects and people involved. Our goal is to simplify and streamline the CIS process for you
Why choose our CIS service?
From registering you with HMRC to supplying deduction statements and managing your records, we’ve got you sorted:
Contractors
- HMRC registration: Register you with HM Revenue & Customs (HMRC) as a contractor
- Subcontractor verification: Verify your subcontractors with HMRC
- Payment management: Ensure you pay your subcontractors correctly within the scheme
- Deduction statements: Supply your subcontractors with deduction statements
- Record keeping: Keep your records in good order
- Submissions: Submit your monthly returns to HMRC by deadlines
Subcontractors
- Employment status: Register you with HMRC after determining your status as a subcontractor or employee, (or both) (for each and every contract)
- Verification: Verify you with HMRC on behalf of your contractor
- Record keeping: Manage and organise your business records
- Tax return: Prepare your end of year self-assessment tax return
Get in touch
Let TaxAssist Accountants Middlesborough South help you meet your CIS obligations. Call us today on 0800 0523 555 or use our online enquiry form.
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Get in touch
Arrange a free consultation in person or via video with your local accountant. It’s an informal chat to get to know you and find out more about the help you are looking for.
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Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.