Our team will help contractors to ensure that they remain compliant at all times, and that they follow the requirements of the Construction Industry Scheme.
Our service has been designed to enable you to enjoy the freedom and flexibility which comes with being self-employed. It’s open to anyone in the construction industry who is registered with the Construction Industry Scheme (CIS) with HMRC. Once registered, you can join our CIS service at any time and then go to work, safe in the knowledge that you are compliant with HMRC’s rules.
Our seamless service means you’ll receive your take-home pay on time every week. At the end of the year, you’ll need to work out what expenses you’re entitled to and then submit a self-assessment tax return, though we can help with that too.
Whether you’re a contractor that employs subcontractors or an individual subcontractor get in touch today to hear more.
If you are self-employed and work in construction then you have the potential to benefit from the Construction Industry Scheme and our CIS services are designed just for you.
This scheme is designed to ensure that only the correct amount of tax is taken each week that you work, according to your tax status with HMRC, and that you are able to claim a tax rebate at year end by using our Tax Return Services. We invoice end clients on your behalf, produce your pay advice and pay you directly – and for a modest fee we can even sort out your annual tax return.
We can help you to get set-up with this scheme and make the most of the greater financial flexibility and freedom it brings to increase your take home pay.
The CIS scheme is a government initiative which controls how payments are made to contractors within the Construction Industry. Since April 2007 all contractors who fall within the construction industry Scheme have to register, or work for a registered business.
Simply call the CIS Helpline on: 0300 200 3210. Registration takes 20 working days and is FREE. Upon registering, HMRC will issue you a Unique Tax Reference (UTR) number which we will use to determine the amount of Tax to be deducted from your gross payment, this can be at 0%, 20% or 30%. We make the relevant Tax deduction and pay this to HMRC on your behalf. Please note, this is only a Payment on Account and upon submitting your Self Assessment there may be a balancing Tax figure to pay or to be refunded.
Your job role can be anything from a welder, plumber to surveyor as long as you are contracting within the Construction Industry only. You are already Self Employed but want to take more assignments through recruitment agencies. You work within the Construction Industry and are thinking about becoming Self Employed. You want to reduce your paperwork burden and relax knowing that your Tax deductions are taken care of and paid to HMRC. (CIS Subcontractor Deductions are Payment on Account only) This is an effective and simple way for contractors working within the Construction Industry to receive a regular income whilst taking assignments through an agency.
