THE CONSTRUCTION INDUSTRY SCHEME (CIS) IS A SET OF SPECIAL RULES FOR HANDLING PAYMENTS FOR CONSTRUCTION WORK THAT CONTRACTORS MAKE TO SUB-CONTRACTORS.
The scheme covers all ‘construction operations’ carried out in the UK as well as other related work. If your business is involved in construction operations, you might operate as a contractor or sub-contractor or both.
There are strict deadlines when filing the monthly CIS returns to HMRC and failure to comply with these will result in a fine.
We can complete the relevant Employer Payment Summaries (EPS) to claim back the CIS tax suffered by a limited company and complete your CIS returns and provide your sub-contractors with their monthly CIS deduction statements.
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MPH Accountants can relieve you of all the stress associated with completing HMRC compliance. We will ensure all of the requirements are met and the correct forms are submitted on time.01227 277 667