ABOUT CIS PAYROLL
If you are involved in the construction industry or you spend a considerable amount of money each year, our CIS Payroll services will be of interest to you. CIS, which stands for Construction Industry Scheme, contains a series of unique rules which have been created by the Tax Office. These relate to payments made by contractors to sub-contractors in this sector.
CIS is in place for contractors, sub-contractors and companies which spend notable sums of money each year on construction work even if they technically aren’t in the construction industry. Any firm that has an average spend of at least £1m a year, over a three year period will be deemed as having to sign up with CIS, and your company will have to be registered with HMRC. This is just one of the areas where we can assist you.
It is important to be aware that different rules apply to contractors and sub-contractors, which means you need to know what you are and then make sure that you are correctly registered with HMRC. This is an area where we are highly experienced and our CIS Payroll team will take care of all of your paperwork duties.
We understand that many companies operate as both a contractor and sub-contractor depending on their role or work, and it is easy to become confused when reporting to HMRC. As an experienced firm, we can take the confusion out of the process, ensuring you are fully compliant with all rules and regulations. Our services will ensure that you operate efficiently and that you are confident you are dealing with HMRC in the correct manner.