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.
You may have to comply to the Construction Industry Scheme if you are a subcontractor in the building industry or if you are a contractor and hire subcontractors in the building industry. In this situation a deduction can be made from the labour amount of any invoice. This includes builders, plumbers, electricians, tilers and other construction trades.
Services we provide to subcontractors;
- Determine your status as a subcontractor or employee, (or both) and register you with HMRC accordingly
- Verify you with HMRC on behalf of your contractor
- Manage and organise your business records
- Prepare your end of year self-assessment tax return and calculate your tax liability/ refund where applicable
We will ensure that you receive any refunds due to overpayments of tax that you are entitled to