CIS Contractors
CIS Contractors
The Construction Industry Scheme (CIS) provides contractors with prescribed guidelines for the hiring and paying of subcontractors. At Robert Lewis, our team is highly experienced in dealing with CIS tax and the construction industry as a whole. We can provide the advice, guidance and ongoing support you require to ensure you remain in compliance.
- Registering you as a contractor with HMRC
- Verifying that your subcontractors are registered with HMRC for the correct deduction
- Ensuring subcontractors are paid in compliance with the scheme
- Immediate notification of changes to CIS regulations and how this effects the contractors position
- Preparing and issuing deduction statements to subcontractors and preparing and supplying HMRC with monthly statements
Subcontractors
The Construction Industry Scheme obliges subcontractors to register with HMRC and immediately notify them of any changes to their business including their business address, business name and business partners.
If you are a subcontractor, each time you are hired by a contractor, they must decide whether you are self -employed or an employee. A self-employed status will result in your registration as a subcontractor under CIS – slightly different to classification as self-employed under UK personal tax .HMRC will set you up to receive payments under deduction and contractors will deduct tax at 20 per cent from your invoices and pay this to HMRC.
At Robert Lewis, our CIS tax accountants will provide the advice and guidance you need to fully understand your status and comply with regulations.
Our services include:
- Advising on your status as a subcontractor or employee and correctly registering you with HMRC; Verifying your status with HMRC on behalf of your contractor
- Taking care of business records
- Preparing self-assessment tax returns and calculating your tax liability and any refunds due
Our Other Services
Corporation Tax
Expert tax planning and compliance for corporations
Personal Tax
Personal tax returns and advisory services
VAT
VAT registration, returns and compliance
Payroll
Complete payroll processing and management
Tax Planning
Strategic tax planning and optimization
Company Formation
Business setup and incorporation services
Tax Investigation
HMRC investigation support and representation
Book Keeping
Professional bookkeeping and accounting
Limited Companies
Full accounting services for limited companies
Wealth Management
Experienced Financial Planning & Wealth Management
- Mortgages
- Protection
- Pensions
- Investments