Construction Industry Scheme (CIS)
If your company is involved in the construction industry then it may need to register for the Construction Industry Scheme. We can assist you with the registration process.
Sub-Contractors
As a Sub-Contractor you are required to file self-assessment tax returns each year. This is to let HMRC know how much CIS tax that has already been paid over by your Contractor.
Each month you receive a CIS statement to confirm the amount withheld.
Contractors
As a Contractors you need to register with the construction industry scheme once you start using Subcontractors. Verifying your Subcontractors is the process of checking that they are registered with the construction industry scheme.
You are required to file monthly CIS returns with Hmrc based on tax month and any withheld tax needs to be paid over to Hmrc by the 19th of that month.
