Construction Industry Scheme (CIS)

The Construction Industry Scheme (CIS) is a tax deduction program designed to encompass all 'construction operations' carried out by any organization within the UK. This term, 'construction operations,' refers to a wide range of activities under construction contracts, including demolition, site preparation, modifications, dismantling, building, and repairs.

If you are a business, partnership, or self-employed person engaged in the building or construction sector, you might be required to pay taxes in accordance with the Construction Industry Scheme (CIS).

The Construction Industry Scheme (CIS) presents unique challenges for contractors and subcontractors in the UK construction sector. From registering with HMRC to managing deductions and ensuring accurate monthly returns, the CIS requires careful management to avoid penalties and ensure compliance. At Net Accounting, we offer specialized CIS services designed to help you navigate these complexities with ease, allowing you to focus on growing your business.

Our Pledges

Industry Expertise. With extensive experience in the construction industry, our team understands the specific requirements and regulations of the CIS, ensuring your business remains compliant.
Comprehensive Compliance. We manage all aspects of CIS compliance, from registration to monthly returns, so you can avoid costly mistakes and penalties.
Accurate Deductions. Our experts ensure that all CIS deductions are calculated correctly, helping you maintain accurate records and avoid overpayments or underpayments.
Time-Saving Solutions. Managing CIS obligations can be time-consuming and complex. Our services streamline the process, saving you time and reducing administrative burdens.

Our CIS Services Include:

CIS Registration. We assist both contractors and subcontractors with CIS registration, ensuring that you are correctly set up with HMRC from the start. This includes verifying subcontractors on your behalf to ensure compliance with HMRC requirements.
CIS Deduction Management. We accurately calculate CIS deductions for subcontractors, ensuring that the correct amounts are withheld and paid to HMRC. We also provide guidance on how to reclaim overpaid deductions, where applicable.
Monthly CIS Returns. We prepare and submit your monthly CIS returns to HMRC, ensuring that all payments, deductions, and subcontractor details are reported accurately and on time. This helps you avoid penalties and stay on top of your CIS obligations.
Subcontractor Verification. We handle the verification of subcontractors with HMRC, determining the correct deduction rate and ensuring compliance with all CIS regulations.
CIS Payment Processing. We manage the processing of payments to subcontractors, ensuring that the correct deductions are made and that payments are issued on time.
CIS Compliance Reviews. Our team conducts regular reviews of your CIS processes to ensure ongoing compliance with HMRC regulations. We identify any potential issues before they become problems, helping you avoid penalties.
CIS Record-Keeping. We help you maintain accurate and up-to-date CIS records, including payment details, deductions, and subcontractor information. This is essential for compliance and for preparing for any potential HMRC inspections.
CIS Tax Return Assistance. For subcontractors, we provide assistance with filing CIS tax returns, helping you claim back any overpaid tax and ensuring that your tax affairs are in order.
Audit Support. If your business is selected for a CIS audit, we provide expert support, representing you in dealings with HMRC and ensuring that your records and processes meet all regulatory requirements.

The Construction Industry Scheme is a vital part of operating within the construction sector, but it can also be a significant administrative burden. By outsourcing your CIS management to Net Accounting, you ensure that your business remains compliant with all HMRC requirements, while freeing up your time to focus on your projects. Our expert services reduce the risk of errors, save you time, and provide peace of mind.

Ensure your CIS obligations are handled with expertise and precision. Contact Net Accounting today to learn more about our Construction Industry Scheme services and how we can help you manage your CIS responsibilities effectively. Stay compliant and focused on your construction projects. Let [Your Accounting Firm Name] manage your CIS responsibilities, so you can build your business with confidence.

Phone: 0203 3023153 Mobile: 0750 178 3967 Email: info@netaccounting.co.uk