CIS and Contractors
Speak to our expert accountants today and sortout your CIS return with ease
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CIS and Contractors
Stay compliant with Construction Industry Scheme (CIS) regulations. Speak to our expert accountants today and ensure accurate CIS registration, returns, payslips, and calculations.
Frequently Asked Questions
What is CIS Registration?
CIS (Construction Industry Scheme) registration is mandatory for contractors and subcontractors in the construction industry. It ensures compliance with HMRC's tax and payment rules. Registering correctly helps avoid penalties and ensures smooth operations. If you're unsure about the process, speak to an expert who can guide you.
How Do I Register for CIS?
To register for CIS, you need to apply through HMRC’s online portal or by phone. The process involves providing details about your business and confirming your status as a contractor or subcontractor. Our experts can assist you with the application to ensure it's completed accurately. For help with CIS registration, speak to an expert.
What Are CIS Returns?
CIS returns are monthly or quarterly reports submitted to HMRC by contractors, detailing payments made to subcontractors and the deductions made under the scheme. Accurate and timely submission of CIS returns is crucial to avoid penalties. To ensure your CIS returns are correct, speak to an expert for guidance.
How Often Should I Submit CIS Returns?
CIS returns should be submitted either monthly or quarterly, depending on your chosen frequency. Monthly submissions are due by the 19th of the following month, while quarterly submissions are due by the 19th of the month after the quarter ends. To set up a suitable submission schedule, speak to an expert.
What Are CIS Payslips?
CIS payslips provide subcontractors with detailed information about their earnings, deductions, and net pay under the CIS scheme. They serve as legal records and help ensure transparency in payments. To ensure your CIS payslips are accurate and compliant, speak to an expert.
How Are CIS Calculations Done?
CIS calculations involve determining the gross payment to a subcontractor, applying the appropriate deduction rate (20% or 30%), and calculating the net payment. Proper calculations ensure compliance and avoid disputes. For assistance with CIS calculations, speak to an expert.
What Happens if I Miss a CIS Return Deadline?
Missing a CIS return deadline can result in penalties from HMRC, including fines and interest charges. To avoid these penalties and resolve any issues, speak to an expert immediately.
Can You Handle CIS Compliance for Me?
Yes, we offer comprehensive CIS compliance services, including registration, returns, payslips, and calculations. Our team ensures all aspects of CIS compliance are handled accurately and on time. For peace of mind and expert support, speak to an expert today.
How Much Does CIS Compliance Cost?
The cost of CIS compliance varies based on the complexity of your business and the specific services required. We offer flexible pricing plans starting at £60 per month, tailored to your unique needs. To get a personalized quote and find the best plan for your business, speak to an expert today.
