CIS Contractors

The Construction Industry Scheme sets rules about taxes and national insurance for people working in construction. Our CIS accountants help you follow and understand these rules.

Comply With The CIS with Tax Driven Accountants

At Tax Driven Accountants, we can help you meet the tough rules in the construction industry scheme (CIS). We provide expert guidance for contractors and subcontractors in the construction industry that require support. 

Our CIS tax return accountants encompass construction companies, building firms, government departments, and local authorities. Any business that spends more than £1 million each year on construction qualifies as a contractor under CIS rules. If your business meets this criteria, you should register for CIS.

Monthly Returns

Contractors have an obligation to make an online monthly return to HMRC.

With our support, submitting your monthly report will be easier than ever. This includes the employment status of subcontractors for your business, subcontractor payments, details of all payments made to them and any tax deductions taken.

Employed or Self-Employed

HMRC can impose a penalty of up to £3,000 if contractors negligently or deliberately provide incorrect information, so declaring any employees is essential.

We will help you avoid penalty charges by instructing you to accurately declare any employees or subcontractors you have worked with every month. With our help, you will better understand how to differentiate between employed and self-employed workers.

Verification of Subcontractors

Make the subcontractor verification procedure straightforward with the help of Tax Driven Accountants.

The verification procedure is critical to determining the appropriate methods and amounts of tax deductions for your organisation’s subcontractors. Accurately calculating the money you owe accurately is essential for avoiding penalties.

What's Involved

FAQS

To register, a subcontractor needs to contact HMRC by phone or over the Internet, and they will conduct identity checks.

Where a person has just entered the CIS scheme, penalties will be restricted to a maximum of £3,000 in certain circumstances.

Not necessarily. The following items should be excluded when entering the gross amount of payment on the monthly return:

  • VAT charged by the subcontractor if the subcontractor is registered for VAT
  • any Construction Industry Training Board levy.

At Tax Driven Accountants, Our Priority is to Offer Fair Pricing and Deliver Fantastic Results For All Our Clients.

Experienced

Our enthusiastic staff has years of experience and knowledge. We’re here to provide excellent service and expert guidance every step of the way to ensure that you receive the best possible advice.

Trustworthy

We know how time-consuming running a business can be, so rest easy knowing that a team of expert accountants will keep your accounts and tax affairs in check.

Qualified

All of our staff are fully qualified experts in their field, so you can trust that you are receiving sound, educated advice that you can act on.

See how Tax Driven Accountants can help you with a free consultation

£30 for a tax return referral and £60 for a limited company referral

Simply contact us today to get started and secure your special discount.