Construction Industry Scheme (CIS)

If you are a contractor or subcontractor within the building and construction industry, whose spending is £1 million or more over a three-year period you must register under the CIS. The fines and penalties surrounding the scheme are quite large, so it is extremely important that submission of returns and payments are prompt.

For contractors: Accountorium can help you register as a contractor and verify your subcontractors with HMRC. We will also ensure your subcontractors are paid in accordance with the scheme and provide deduction statements to your subcontractors.

For Subcontractors: Accountorium can help you determine your status and register you under the scheme with HMRC, if any of your details change, we can inform HMRC on your behalf. If you are self-employed we can assist you with your returns ensuring you claim all available reliefs, helping you to reduce your tax liability and potentially receive a tax refund.
As we continuously update our knowledge regarding the regulations surrounding the CIS, we will ensure prompt submissions of your monthly returns, informing you of any changes as necessary.