If you are working in the construction industry scheme and have tax deducted directly from your sales invoices, we will work out your annual CIS repayment and liaise with H M Revenue and Customs for the refund to be processed.
The Construction Industry Scheme (CIS) rules which have taken effect from 6 April 2007 will put greater pressure on contractors to clarify the status of people working for them, i.e. employed or self-employed, and will involve the submission of a monthly return to HM Revenue & Customs.
The key changes are:
We appreciate that the verification and monthly filing process will put pressure on contractors to ensure the scheme is administered correctly and that returns are filed on time and penalties are avoided. Our CIS administration service, based on the new CIS rules, will remove this new administration burden and pressure on contractor.
The service operates along similar lines to our payroll service, where the contractors provides us with the sub-contractor invoices, statements or time sheets each pay period and we then administer the scheme on behalf of the contractor.
The service in more detail:
If you’d like to discuss more on the benefits on outsourcing your CIS procedures, we welcome you to contact us.