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Agency CIS payroll services
The Construction Industry Scheme (CIS) is a set of rules dictating how building contractors pay their sub-contractors.
When an invoice is issued by a sub-contractor, a deduction from that invoice is made with the difference being transferred to HMRC as advance payment towards the sub-contractor’s annual tax bill (except where HMRC have granted gross payment status to a sub-contractor).
Correct application of CIS is complicated because of the different rules on paying invoices depending on the type of business a subcontractor runs, specifically whether they operate as a sole trader (self-employed individual), partnership (unincorporated), limited company, or limited liability partnership (LLP).
We have over a decade of experience in managing CIS payroll accounts for contractors and sub-contractors.To find out more about our service, please call us on 020 3892 8215 or send us an email at info@andonebooks.co.uk
Construction Industry Scheme for contractors
In addition to verifying that each sub-contractor you work with is on the scheme, we’ll calculate the necessary deductions you need to make from sub-contractors’ invoices and we’ll submit your CIS return by the 19th of each month letting you know how much you have to pay to HMRC.
For contractors, our CIS service includes the following:
- registration of your contractor status for the CIS scheme with HMRC.
- verification of your new subcontractors with HMRC.
- production of payment & deductions statements for your subcontractors on a monthly basis.
- completion of your monthly CIS return and submission to HMRC.
- help with general advice or queries about the CIS scheme.
Construction Industry Scheme for sub-contractors
As a self-employed person, you must complete a Self Assessment form each year indicating to HMRC how much you’ve earned. When you register under the CIS, the tax-related deductions made on your invoice by your contractor or intermediary count as advanced payments for your overall tax bill during the year.
Deductions are also made from invoices issued by partnerships (unincorporated), limited companies, or limited liability partnerships (LLP). Please ask us about how we assist you in these situations.
For contractors, the Business Bookkeeper CIS service includes the following:
- submission of your Self Assessment tax return
- provision of a set of annual accounts.
