Construction Industry Scheme (CIS) sets out special tax and national insurance (NI) rules for those who work in construction, “contractors” and “subcontractors”.
Contractors pay subcontractors for construction work. Subcontractors must have CIS registration to have a tax deduction at the standard rate (20%) or Gross Payment Status (0%). Without the registration, Contractors will make deductions at a higher rate of 30%
Subcontractors should keep business records and monthly statements of payments and deductions and use them to calculate whether they have to pay taxes to HM Revenue and Customs (HMRC) or are due to a refund at the end of the year.
Our services:
Registration as a Contractor/Subcontractor for Construction Industry
CIS 300 Monthly reports to the tax office
Subcontractors HMRC verification
CIS Tax calculation
Tax Refunds for Self Employed and Limited Companies
