Construction Industry Scheme is a system where contractors deduct money from a subcontractor’s payments and pay them to HMRC. The deductions count as advance payments towards the subcontractor’s tax and National Insurance.
Contractor is someone (sole trader, partnership, limited company) who pays subcontractors for construction work. The contractor's responsibilities include registration at HMRC, verification of each subcontractor, deduction of 20% (or 30% if the subcontractor is not registered in the CIS system), making and submitting monthly declarations and paying the tax deducted to the office.
If you qualify, you can apply for gross payment status. This means contractors will pay you in full, without deductions. You’ll pay all your tax and National Insurance at the end of the tax year.
Experienced employees of our office offer registrations of contractors and subcontractors in the CIS system, verifications, preparation and submission of monthly declarations to HMRC. We guarantee an individual and professional approach to each client.
As registered agents, we are authorised to provide direct contact with HMRC on your behalf. We cooperate with clients in our office, by phone, post and by e-mail.