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The Construction Industry Scheme (CIS)

The Construction Industry Scheme (CIS) sets out the special tax rules for subcontractors who work in the construction industry and how payments must be handled by contractors.

Contractors: As a contractor, you have obligation under the scheme, including registering with HM Revenue and Customs (HMRC), checking whether your subcontractors are registered with HMRC, paying subcontractors, deducting tax and submitting monthly statements confirming these payments.

Services we provide for contractors:
  • Register you with HMRC as a contractor
  • Verify your subcontractors with HMRC
  • Ensure payment made to subcontractors are correct and within the
  • Supply deduction statements to the subcontractors
  • Keep your records up to date and supply HMRC with monthly returns
High bridge business solutions work with numerous contractors and are capable to deal with your needs efficiently. We are up to date with any changes to the CIS regulations and we can notify our clients quickly of any changes that may affect them.

Subcontractors: If you are a subcontractor, your main obligation is to register with HMRC. You must also keep HMRC informed of any changes to your business such as changes to your business address, business name, business partners and other relevant information.

Services we provide for subcontractors:
  • Determine your status as a subcontractor or employee, (or both) and register you with HMRC accordingly
  • Verify you with HMRC on behalf of your contractor
  • Manage and Organise your business records
  • Prepare your yearend account, file self assessment tax return and calculate your tax liability/ refund where applicable

Any contractor that you work for must determine whether or not you are to be treated as employed or self-employed for each and every contract. If you are an employee for the purpose of the contract, the contractor will need to operate a PAYE scheme whereby tax and National Insurance Contributions will be deducted from the payments made to you.

If you are self-employed, HMRC will register you as a subcontractor under the CIS scheme and they will set you up to receive payments 'under deduction'. This means contractors must make a deduction of tax at 20 per cent (30 per cent for unverified subcontractors) from the labour element of your invoices and pay it over to HMRC. In this case you must submit the tax return annually and there may be tax liability/refund based on the calculation.

How we can help

Can assist with every aspect of CIS Legislation. We provide the following services:

  • Register Contractors with HM Revenue and Customs
  • Verify Sub-contractors with HM Revenue and Customs
  • Ensure Sub-contractors are paid correctly within the CIS scheme
  • Supply deduction statements to Sub-contractors
  • Supply HM Revenue and Customs with contractor monthly returns
  • Prepare self assessment tax return for sub contractor and calculate tax liability/refund where applicable.

Quick Contact

High Bridge Business Solutions Ltd
+ 44 0 7897558322

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