CIS

Under the Construction Industry Scheme (CIS), contractors deduct money from a subcontractor’s payments and pass it to HM Revenue and Customs (HMRC). The deductions count as advance payments towards the subcontractor’s tax and National Insurance, which depending on circumstances can often be reclaimed. Although contractors have to register for the scheme, subcontractors do not, although deductions are taken from their payments at a higher rate if they’re not registered.

 

Operationally the scheme is quite complex and cumbersome causing huge amounts of stress and confusion for small businesses. Our CIS management service allows you to rest easy, knowing that everything is done for you and that if a refund becomes due, you will get it.

Follow us

© 2018 Just Figures Ltd.

 

Privacy Notice

Cookie Policy

 

  • Facebook Clean
  • Twitter Clean

Call: 01959 565 679

Just Figures Ltd

Unit 2, Warren Farm,

Main Road, Sundridge,

Sevenoaks, TN14 6EE  

Just Figures: Accountants for small businesses and individuals who want help with Accounts, Bookkeeping, Payroll, VAT, CIS, Tax Advice